EQS-News: SunMirror AG: Further Extension of the Takeover Offer on Latitude 66 Cobalt Limited
EQS-News: SunMirror AG / Key word(s): Miscellaneous
SunMirror AG: Further Extension of the Takeover Offer on Latitude 66
Cobalt Limited
14.06.2022 / 14:13
The issuer is solely responsible for the content of this announcement.
══════════════════════════════════════════════════════════════════════════
SunMirror AG: Further Extension of the Takeover Offer on Latitude 66
Cobalt Limited
Zug, Switzerland: 14 June 2022. With reference to its publication dated 13
April 2022, SunMirror AG („SunMirror“; ISIN CH0396131929) hereby announces
that its wholly owned subsidiary SunMirror Luxembourg S.A. has agreed with
Latitude 66 Cobalt Limited („Lat66“) another extension in relation to the
pending takeover offer regarding all outstanding ordinary shares (plus all
performance rights) in Lat66. SunMirror Luxembourg S.A. has filed the
agreed extension notice with the Australian Securities and Investments
Commission. The closing date of the takeover offer is thereby further
extended to 12 July 2022, 5:00 p.m. (AWST) and the date for giving a
notice of the status of the bid conditions is further extended to 5 July
2022.
The extension is caused by a continuing delay in the implementation of the
pending share capital increase efforts of SunMirror to fully finance the
takeover bid. SunMirror remains in ongoing discussions with potential
investors.
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:
Notice of the status of the bid conditions 5 July 2022
Offer closes 12 July 2022
Dispatch of compulsory acquisition notices to non-accepting 12 July 2022
Lat66 shareholders
Completion of compulsory acquisition of Lat66 shares from 12 August 2022
Lat66 shareholders
* * * * *
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
Dr. Reuter Investor Relations
Dr. Eva Reuter
Büro Frankfurt
Friedrich Ebert Anlage 35-37
Tower 185
60327 Frankfurt – Germany
Tel: +49 (0) 69 1532 5857
E-Mail: e.reuter@dr-reuter.eu
Web: [2] https://www.dr-reuter.eu
══════════════════════════════════════════════════════════════════════════
14.06.2022 This Corporate News was distributed by EQS Group AG.
www.eqs.com
══════════════════════════════════════════════════════════════════════════
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: 1375299
End of News EQS News Service
1375299 14.06.2022
References
Visible links
1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=72698a3011c40bb8a5beb2be72a9ad30&application_id=1375299&site_id=apa_ots_austria&application_name=news
2. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=2315a44625635c4a63ab026d5e86753f&application_id=1375299&site_id=apa_ots_austria&application_name=news
OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS. www.ots.at
© Copyright APA-OTS Originaltext-Service GmbH und der jeweilige Aussender