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SHG Shanta Gold Limited

14.275
-0.25 (-1.72%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Shanta Gold Limited LSE:SHG London Ordinary Share GB00B0CGR828 ORD 0.01P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.25 -1.72% 14.275 14.20 14.35 14.45 14.25 14.40 1,732,762 15:22:26
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores 114.06M -2.3M -0.0022 -64.86 150.04M

Shanta Gold Limited Statement regarding Shandong Gold Group, Limited (2785G)

14/11/2022 7:49am

UK Regulatory


Shanta Gold (LSE:SHG)
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TIDMSHG

RNS Number : 2785G

Shanta Gold Limited

14 November 2022

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:

 
                                                      +44 (0) 14 8173 
 Shanta Gold Limited                                   2153 
 Eric Zurrin (CEO) 
   Luke Leslie (CFO) 
 Liberum Capital Limited (Joint Financial Adviser,     +44 (0)20 3100 
  NOMAD and Broker)                                     2000 
 Corporate Broking 
  Scott Mathieson / Ed Thomas / Nikhil Varghese 
  / Lucas Bamber 
  M&A 
  Tim Medak / Mark Harrison 
 Treadstone Resource Partners (Joint Financial        +61 (0) 2 9210 
  Adviser)                                             5600 
 Ross King / Adam Bill 
                                                      + 44 (0) 203 
 FTI Consulting (Media enquiries)                      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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

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(END) Dow Jones Newswires

November 14, 2022 02:49 ET (07:49 GMT)

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