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Centamin PLC announces takeover offer for Ampella Mining Ltd

Tuesday, 10 Dec 2013 02:13am EST 

Centamin PLC (Centamin):Says it has entered into a binding Takeover Bid Implementation Deed ("TBID") with Ampella Mining Ltd (Ampella) pursuant to which Centamin (or a wholly owned subsidiary) has agreed to make an off-market takeover for all of the issued, and to be issued, shares of Ampella (the "Offer").Says Under the Offer, Ampella shareholders will receive one (1) new Centamin share for every five (5) Ampella shares held.Says based on Centamin's closing share price of 44.31 pence on the LSE on Dec. 9 and an exchange rate of GBP1 = AUD1.81, the offer values Ampella at A$40.9 million or A$0.160 per share. 

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