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ST BARBARA LIMITED — M&A Activity 2022
Mar 31, 2022
65749_rns_2022-03-31_1fbbad29-04bf-4ac6-833d-f4304f255bca.pdf
M&A Activity
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1 April 2022
ASX/MEDIA RELEASE
SCHEME OF ARRANGEMENT WITH ST BARBARA LIMITED - COURT APPROVAL OF SCHEME
Bardoc Gold Limited (ASX: BDC) ( Bardoc or the Company ) is pleased to announce that the Supreme Court of Western Australia ( Court ) has made orders approving the scheme of arrangement in respect of St Barbara Limited (ASX:SBM) ( St Barbara ) acquiring 100% of the issued capital of Bardoc ( Scheme ).
The Scheme will become legally effective following lodgement of the Court orders with the Australian Securities and Investments Commission ( ASIC ). Bardoc intends to lodge an office copy of the Court’s orders with respect to the Scheme with ASIC on Monday, 4 April 2022. Once this occurs, Bardoc shares will be suspended from trading on the ASX at the close of trading on Monday, 4 April 2022.
SUBSEQUENT IMPORTANT DATES
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5 April 2022 – Deferred settlement trading of the New St Barbara Shares is expected to commence.
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5:00pm (AWST) on 6 April 2022 - Record Date for determining entitlements to Scheme Consideration.
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13 April 2022- Implementation Date for the issue of Scheme Consideration to Scheme Shareholders. Bardoc Shares will be removed from official quotation on the ASX at market close.
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14 April 2022 - Trading on ASX of New St Barbara Shares is expected to commence on a normal (T+2) settlement basis from market open.
SCHEME CONSIDERATION
On the Implementation Date, Bardoc shareholders will receive 0.3604 new St Barbara shares for every 1 Bardoc share held.
Approved for release by the Board.
For further information contact:
| INVESTORS: | MEDIA: | ||
|---|---|---|---|
| Tony Leibowitz | Bardoc Gold Limited | Nicholas Read | Read Corporate |
| Telephone: | (08) 6215 0090 | Telephone: | 0419 929 046 |
| Email: | [email protected] | Email: | [email protected] |
Bardoc Gold Limited | ABN 40 125 578 743
130 Stirling Highway, North Fremantle WA 6159 | Locked Bag 4, North Fremantle WA 6159 | Australia Tel +61 (0)8 6215 0090 | Fax +61 (0)8 6215 0091