Last checked at 14 Nov 2022 07:49
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION
THIS ANNOUNCEMENT IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE UNITED KINGDOM ("UK") CITY CODE ON TAKEOVERS AND MERGERS (THE " CODE").
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 ("MAR"), AND IS DISCLOSED IN ACCORDANCE WITH THE COMPANY'S OBLIGATIONS UNDER ARTICLE 17 OF MAR
FOR IMMEDIATE RELEASE
14 November 2022
Shanta Gold Limited ("Shanta" or the "Company")
Statement regarding Shandong Gold Group Co., Limited ("SDG")
Shanta has been informed by SDG that further to the announcement made by Shanta on 18 October 2022, it does not intend to make an offer for the Company.
As a result, SDG and any person acting in concert with it will, except with the consent of the Panel on Takeovers and Mergers, be bound by the restrictions contained in Rule 2.8 of the Code.
However, as is customary under Rule 2.8 of the Code, SDG (and any persons acting in concert with it) reserves the right to make or participate in an offer or possible offer for Shanta (and/ or take any other action which would otherwise be restricted under Rule 2.8 of the Code) within six months of the date of this announcement:
a) with the agreement of the board of Shanta;
b) following the announcement of a firm intention to make an offer for Shanta by or on behalf of a third party;
c) following the announcement by Shanta of a Rule 9 waiver proposal (see Note 1 of the Notes on Dispensations from Rule 9 of the Code) or for a reverse takeover (as defined in the Code); or
d) where the Panel on Takeovers and Mergers has determined that there has been a material change of circumstances.
In accordance with Rule 26.1 of the Code, a copy of this announcement will be available (subject to certain restrictions relating to persons resident in restricted jurisdictions) on Shanta's website at https://shantagold.com/investors/takeover-offer/ by no later than 12 noon (London time) on the business day following the date of this announcement. The content of this website is not incorporated into, and does not form part of, this announcement.
SDG has provided its consent with respect to the contents and issue of this announcement.
For further information, please contact:
Shanta Gold Limited | +44 (0) 14 8173 2153 | ||||
| |||||
Liberum Capital Limited (Joint Financial Adviser, NOMAD and Broker) | +44 (0)20 3100 2000 | ||||
Corporate Broking Scott Mathieson / Ed Thomas / Nikhil Varghese / Lucas Bamber M&A Tim Medak / Mark Harrison
|
| ||||
Treadstone Resource Partners (Joint Financial Adviser) | +61 (0) 2 9210 5600 | ||||
Ross King / Adam Bill
| |||||
FTI Consulting (Media enquiries) | + 44 (0) 203 727 1000 | ||||
Sara Powell | |||||
Nick Hennis | |||||
Important information
This announcement is not intended to, and does not, constitute, represent or form part of any offer, invitation or solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of any securities or the solicitation of any vote or approval in any jurisdiction whether pursuant to this announcement or otherwise.
The distribution of this announcement in jurisdictions outside the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities law of any such jurisdiction.