STAMFORD, Conn., Feb. 24, 2021 /PRNewswire/ -- Tronox
Holdings plc (NYSE:TROX) ("Tronox" or the "Company"), announced
today that the previously announced underwritten registered
offering by Exxaro Resources Limited (the "selling shareholder")
was upsized to 19,108,970 ordinary shares of the Company and was
priced to the public at $18.25 per
share. In connection with the offering, the selling shareholder has
granted the underwriters a 30-day option to purchase up to
2,866,345 additional shares. The selling shareholder will receive
all of the net proceeds from the offering. No shares are being sold
by the Company in the offering.
The offering is expected to close on March 1, 2021,
subject to satisfactory completion of customary closing
conditions.
J.P. Morgan is acting as joint bookrunning manager and
representative of the underwriters. BofA Securities, Deutsche Bank
Securities and Morgan Stanley are also acting as joint
bookrunning managers.
The proposed offering is being made only by means of a
prospectus and accompanying prospectus supplement. When available,
copies of the final prospectus supplement for the offering may be
obtained by visiting the website of the Securities and Exchange
Commission (the "SEC") at www.sec.gov. Alternatively, a copy of the
prospectus and related preliminary prospectus supplement may be
obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial
Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, toll-free: (866) 803-9204,
email: prospectus-eq_fi@jpmchase.com.
The ordinary shares described above are being offered by the
selling shareholder pursuant to an effective shelf registration
statement on Form S-3 previously filed by the Company with the
SEC.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale of these securities in any state or other jurisdiction in
which such an offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any
such state or other jurisdiction.
About Tronox
Tronox Holdings plc is one of the world's leading producers of
high-quality titanium products, including titanium dioxide pigment,
specialty-grade titanium dioxide products and high-purity titanium
chemicals; and zircon. We mine titanium-bearing mineral sands and
operate upgrading facilities that produce high-grade titanium
feedstock materials, pig iron and other minerals.
Forward Looking Statements
Statements in this release that are not historical are
forward-looking statements within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking
statements, which are subject to known and unknown risks,
uncertainties and assumptions about us, may include projections of
our future financial performance, including the effects of the
COVID-19 pandemic and anticipated synergies based on our growth and
other strategies, anticipated completion of extensions and upgrades
to our mining and operations, and anticipated trends in our
business. These statements are only predictions based on our
current expectations and projections about future events. There are
important factors that could cause our actual results, level of
activity, performance, actual synergies, or achievements to differ
materially from the results, level of activity, performance,
anticipated synergies or achievements expressed or implied by the
forward-looking statements. Significant risks and uncertainties may
relate to, but are not limited to, business and market disruptions
related to the COVID-19 pandemic; market conditions and price
volatility for titanium dioxide, zircon and other feedstock
materials, as well as global and regional economic downturns,
including as a result of the COVID-19 pandemic, that adversely
affect the demand for our end-use products; the price of our
ordinary shares; disruptions in production at our mining and
manufacturing facilities; and other financial, economic,
competitive, environmental, political, legal and regulatory
factors. These and other risk factors are discussed in the
Company's filings with the SEC.
Moreover, we operate in a very competitive and rapidly changing
environment. New risks and uncertainties emerge from time to time,
and it is not possible for our management to predict all risks and
uncertainties, nor can management assess the impact of all factors
on our business or the extent to which any factor, or
combination of factors, may cause actual results to differ
materially from those contained in any forward-looking statements.
Although we believe the expectations reflected in the
forward-looking statements are reasonable, we cannot guarantee
future results, level of activity, performance, synergies or
achievements. Neither we nor any other person assumes
responsibility for the accuracy or completeness of any of these
forward- looking statements. You should not rely upon
forward-looking statements as predictions of future events. Unless
otherwise required by applicable laws, we undertake no obligation
to update or revise any forward-looking statements, whether because
of new information or future developments.
Media Contact: Melissa Zona
+1.636.751.4057
Investor Contact: Jennifer
Guenther
+1.646.960.6598
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SOURCE Tronox Holdings plc