RE: Going higher 30p20 Apr 2025 21:53
Instrument is triggered on any liquidity event including disposal of Ravenswood or qualifying initial public
offering.
The payment is determined by reference to the gross money multiple to EMR which is the gross proceeds
(before payment of the Upside Sharing Payment) divided by the total capital invested in the acquisition,
development and operation of Ravenswood by EMR.
Resolute will receive the Upside Sharing Payment from the owners of Ravenswood based on the amount
by which the gross money multiple exceeds a minimum threshold up to a cap of A$150 million as follows:
β’ A$7.5 million for each 0.1 that the gross money multiple is above 2.5x up to 4.0x; and
β’ A$5 million for each 0.1 that the gross money multiple is above 4.0x.