BAKU, Azerbaijan, Mar. 10
By Nargiz Sadikhova - Trend:
The board of Nova Resources B.V. (Bidco) and KAZ Minerals have extended the increased offer for KAZ Minerals Share acquisition at 780 pence in cash for each share, Trend reports citing the company.
On February 8, 2021, Bidco published an offer document (the "Offer Document") setting out the full terms and conditions of its recommended increased cash offer for the entire issued and to be issued share capital of KAZ Minerals PLC (other than the KAZ Minerals Shares already owned or controlled by members of the Consortium).
The Increased Offer, which remains subject to the terms and conditions set out in the Offer Document and, in respect of KAZ Minerals Shares in certificated form, the Form of Acceptance, is being extended and will remain open for acceptances until 1.00 PM (London time) on March 23, 2021.
Should there be any further extension of the Increased Offer, this will be publicly announced by 8.00 AM (London time) on the Business Day following the day on which the Increased Offer is otherwise due to expire, or such later time as the Takeover Panel may agree.
KAZ Minerals Shareholders who have not yet accepted the Increased Offer and who wish to do so should take action to accept the Increased Offer as soon as possible. Details of the procedure for doing so are set out below and in further detail in the Offer Document.
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