MELBOURNE, Australia, July 12,
2023 /CNW/ - AustralianSuper announces that it
subscribed for 90,618,895 ordinary shares ("Shares") on
21 November 2022, 40,658,710 Shares
on 7 December 2022 and a further
114,968,005 Shares on 7 July 2023 in
the capital of Jervois Global Limited (ASX: JRV) (TSXV: JRV)
("Jervois"), such that immediately following the third
subscription, AustralianSuper held a total of 498,961,140
(or approximately 20.65%) of the issued
and outstanding Shares in Jervois.
The Shares were acquired pursuant to private placements and
entitlement offers by Jervois to institutional and
sophisticated investors. The 7 July
2023 purchase price per Share was AUD0.06/ CAD0.053
for an aggregate total purchase
consideration of AUD6.9 million/CAD6.1 million.
The head office of Jervois is located at Suite 2.03, 1-11 Gordan
Street, Cremorne, Victoria, 3121,
AustralianSuper acquired the Shares for investment purposes in
the normal course of its business and not with the purpose of
influencing the control or direction of Jervois.
AustralianSuper has also sub-underwritten the retail component
of Jervois' Entitlement Offer (up to AUD10.6 million / CAD9.38 million), which will leave it with a
maximum post Entitlement Offer shareholding in Jervois of 25%.
In addition, AustralianSuper may in the future, subject to
market conditions, make additional investments in or dispositions
Jervois' securities for investment purposes.
This news release is issued by AustralianSuper pursuant to
National Instrument 62-104 Take-Over Bids and Issuer
Bids of the Canadian Securities Administrators. AustralianSuper
will file a report in respect of its acquisition of Shares
with the applicable securities commission or securities
regulator in each Canadian jurisdiction in which Jervois is a
reporting issuer. A copy of the report may be obtained from
Andrew Lazar (phone: +61 3 9089
1634) at Level 30/130 Lonsdale Street Melbourne, Victoria, 3000, Australia. AustralianSuper has also made the
necessary disclosures on the Australian Stock Exchange
AustralianSuper is Australia's
largest superannuation fund and is regulated by the
Australian Prudential Regulation Authority. AustralianSuper
manages A$300 billion in
members' retirement savings on behalf of more than 3.1 million
members from more than 448,000 businesses.