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Provider: Thomson Reuters Stock Report

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Elemental Minerals Ltd Confirms Receipt Of Dingyi Group Investment Ltd's Bidder's Statement And Update On Dingyi Offer

Tuesday, 27 Aug 2013 09:01pm EDT 

Elemental Minerals Ltd announced receipt of Dingyi Group Investment Limited's (Dingyi) formal bidder's statement (Bidder's Statement) in respect of Dingyi's off-market takeover offer for 100% of the fully paid ordinary shares of Elemental at A$0.66 per share (the Dingyi Offer). Elemental understands the Bidder's Statement will be despatched by Dingyi to Elemental shareholders on September 2, 2013, at which stage the Dingyi Offer will be open for acceptance. Elemental intends to issue and despatch its Target's Statement to Elemental shareholders shortly thereafter. As a result of the previously announced delays in obtaining the required regulatory confirmations from the Hong Kong Stock Exchange, the parties have agreed to timetable amendments such that the Dingyi Offer is targeted to proceed in line with the indicative timetable. 

Company Quote

-0.0050 -1.06%
19 Dec 2014