Page 10 of today’s EUA circular10 Apr 2021 00:20
Page 10 of the EUA circular out today - “On 1 July 2020 the Company announced that following a strategic review of its business and in order to maximise value for its Shareholders it was launching a Formal Sale Process under the UK Takeover Code. The Board appointed UBS as its leading financial adviser to assist in a review of its strategic options including asset sales or a sale of the Company. Non-binding offers have been received and are being progressed.”
“The Board believes the scaling of the Company and its projects should continue while the Formal Sale Process is ongoing. The Board believes that the development of projects within the scope of the Rosgeo JV is well timed from a PGM and battery metals market perspective and is a sensible course for the Company and its Shareholders.”