EQS-Adhoc: SunMirror AG: Extension of Offer for Takeover Offer on Latitude 66 Cobalt Limited due to delay in capital increase
EQS-Ad-hoc: SunMirror AG / Key word(s): Offer/Capital Increase
SunMirror AG: Extension of Offer for Takeover Offer on Latitude 66 Cobalt
Limited due to delay in capital increase
24-Feb-2022 / 19:31 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS – a service of EQS Group
AG.
The issuer is solely responsible for the content of this announcement.
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Zug, Switzerland: 24 February 2022. SunMirror AG („SunMirror“; ISIN
CH0396131929) hereby announces its wholly-owned subsidiary SunMirror
Luxembourg S.A. will file with the Australian Securities and Investments
Commission a supplement to its bidder statement in relation to the pending
takeover offer regarding all outstanding ordinary shares in Latitude 66
Cobalt Limited („Lat66“) by which the closing date of the takeover offer
is further extended to 29 March 2022, 5:00 p.m. (AWST) and the date for
giving a notice of the status of the bid conditions is further extended to
22 March 2022.
This extension is caused by a delay in the implementation of the pending
EUR 70 million share capital increase of SunMirror AG (see prior ad-hoc
notifications, e.g., dated 22 October 2021, 26 August 2021 and 7 January
2021). The shareholder who has subscribed for the full amount of the share
capital increase of EUR 70 million has to date paid in EUR 17,368,500. The
shareholder has confirmed he is intending to meet his obligations and pay
in the remaining funds. SunMirror is also taking steps to secure
alternative funding to complete the Lat66 acquisition.
Under consideration of the upcoming extension of the takeover offer, the
expected extended timetable for completion of the takeover offer and
subsequent acquisition of the entire issued share capital of Lat66 (plus
all performance rights) is as follows:
Offer Closes 29 March 2022
Dispatch of compulsory acquisition notices to non-accepting 29 March 2022
Lat66 shareholders
Completion of compulsory acquisition of Lat66 shares from 29 April 2022
Lat66 shareholders
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Information and Explanation of the Issuer to this News:
About SunMirror AG
The Group invests into strategic mineral exploration assets with a focus
on sustainable green battery metals, like cobalt, lithium and nickel, as
well as iron ore and gold deposits in developed markets. The company aims
to either produce minerals at a later stage or sell those assets to
strategic buyers. SunMirror is differentiated by taking a ‚mine-to-market‘
approach to sustainability across the value chain, creating a mining
industry ‚best practice.‘
The company’s shares (ISIN CH0396131929) are listed on the Vienna Stock
Exchange (official market, ticker: ROR1) and are traded on the regulated
unofficial markets Frankfurt, Düsseldorf and Berlin (ticker: ROR) as well
as on tradegate and Xetra. For further information, please visit:
[1]www.sunmirror.com.
Contact
SunMirror AG
Steinhauserstrasse 74
6300 Zug
Switzerland
Tel: +41 (0) 43 505 1400
Email: [2]info@sunmirror.com
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24-Feb-2022 CET/CEST News transmitted by EQS Group AG. www.eqs.com
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Language: English
Company: SunMirror AG
Steinhauserstrasse 74
6300 Zug
Switzerland
E-mail: info@sunmirror.ch
Internet: https://www.sunmirror.ch
ISIN: CH0396131929
WKN: A2JCKK
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt,
Tradegate Exchange; Vienna Stock Exchange (Official Market)
EQS News ID: 1288219
End of Announcement EQS News Service
1288219 24-Feb-2022 CET/CEST
References
Visible links
1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=63510edcb07838b54b8a8546bcaf261a&application_id=1288219&site_id=apa_ots_austria&application_name=news
2. info@sunmirror.com
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