The Meat26 Aug 2021 08:58
For each Bacanora Share: 67.5 pence in cash from Ganfeng pursuant to the Offer (the "Cash Consideration")and 0.23589 Zinnwald Shares to be distributed by Bacanora (the "Zinnwald Distribution")
Based on the Closing Price per Zinnwald Share of 25.75 pence on the Last Practicable Date, the Zinnwald Distribution is equivalent in value to 6.1 pence for each Bacanora Share, resulting in Bacanora Shareholders being entitled to receive, when combined with the Cash Consideration, a total value for each Bacanora Share of 73.6 pence (the "Acquisition Value"). The Zinnwald Distribution represents an additional 9.0 per cent. of value to Bacanora shareholders .