Offer unconditional, Bidders reach 81 percent relevant interest in Aquila and offer extended
We refer to the joint takeover offer by Baosteel Resources Australia Pty Ltd (ABN 66 154 815 362) and Aurizon Operations Limited (ABN 47 564 947 264) (together, the Bidders) to acquire 100% of the ordinary shares in Aquila Resources Limited (ABN 81 092 002 769) (Aquila) that they do not already own for A$3.40 per share (the Offer).
Yesterday the Bidders declared the Offer free from all defeating conditions.
The Bidders' relevant interest in Aquila shares has now increased to 81% (equivalent to 333,572,219 Aquila shares).
The Bidders attach, in accordance with section 650D of the Corporations Act 2001 (Cth), a formal notice varying the Offer to extend the offer period. The notice of variation extending the Offer has been lodged with the Australian Securities and Investments Commission.
The Offer will now close at 7.00pm (Sydney time) on 25 July 2014 (unless further extended). A letter to holders of Aquila shares and securities convertible into Aquila shares in relation to the extension of the period of the Offer is also attached.
The Offer remains open now for acceptance and the Bidders encourage you to ACCEPT now.
For further information regarding the Offer, please contact the Bidder's advisers: