Extension of offer period
June 24 2011 - 2:00AM
UK Regulatory
TIDMGGG
GGG Resources plc
(the "Company" or "GGG")
24 June 2011
Off-market takeover offer by GGG Resources plc for Auzex Resources Limited -
extension of offer period
GGG Resources plc (GGG) has today announced that it has extended its off-market
takeover offer for all of the ordinary shares in Auzex Resources Limited (Auzex
) so that it will now close at 5.00pm (Perth time) on 4 August 2011.
A copy of the formal notice of variation, together with an accompanying letter
to be sent to Auzex shareholders, is attached.
GGG also advises that it has closed the GGG Offer Information line. If you have
any questions regarding GGG's offer, please call David McArthur of GGG on +61 8
9423 3200 (call charges will apply), or your professional advisor.
General Enquiries, please contact:
Dr. Jeffrey Malaihollo Westhouse Securities Limited (UK Nominated
Adviser)
MD, GGG Resources plc (UK)
Tom Price / Martin Davison
Tel: + 44 1992 531820
Tel: + 44 20 7601 6100
Email: www.gggresources.com
Neil Boom Collins Stewart Europe Limited (Broker)
MD, Gresham PR Ltd (UK). John Prior / Adam Miller
Tel: + 44 7866 805 108 Tel: + 44 20 7523 8350
David McArthur David Brook
GGG Resources plc (Australia) Professional Public Relations (Australia
media)
41 Stirling Highway
T: +61 8 9388 0944/ +61 433 112 936
Nedlands, WA 6009
E: david.brook@ppr.com.au
Australia
Tel: +61 8 9423 3200
24 June 2011
Dear Shareholder
GGG's OFF-MARKET TAKEOVER offer for Auzex - extension of offer period
GGG Resources plc (GGG) has extended the offer period under its off-market
takeover offer for all of the ordinary shares in Auzex Resources Limited.
The offer is now scheduled to close at 5.00pm (Perth time) on 4 August 2011. A
formal notice of variation required by the Corporations Act 2001 (Cth) is
enclosed.
GGG also advises that it has closed the GGG Offer Information line. If you have
any questions regarding GGG's offer, please call David McArthur of GGG on +61 8
9423 3200 (call charges will apply), or your professional advisor.
Yours faithfully
Dr Jeffrey Malaihollo
Managing Director
GGG Resources Plc
NOTICE OF VARIATION - EXTENSION OF THE OFFER PERIOD
(SECTION 650D - CORPORATIONS ACT 2001 (CTH))
OFF-MARKET TAKEOVER offer BY GGG RESOURCES PLC FOR ALL of THE ORDINARY SHARES
IN AUZEX RESOURCES LIMITED
To: 1. Auzex Resources Limited (ABN 74 106 444 606) (Auzex).
2. Australian Securities and Investments Commission.
3. Each person to whom offers were made under the takeover offer referred to in
this notice.
GGG Resources plc (UK Registration Number 05277251 and ARBN 143 978 376) (GGG)
gives notice that offers under its off-market takeover bid for all of the
ordinary shares in Auzex that it does not already own dated 15 April 2011 are
varied by extending the period during which the offer will remain open so that
the offer will now close at 5:00pm (Perth time) on 4 August 2011 (unless
further extended).
Accordingly, the new date for the giving of the notice required by section 630
(1) of the Corporations Act 2001 (Cth) (Act) regarding the status of defeating
conditions is 25 July 2011. As at the date of this notice, so far as GGG knows,
except for the defeating condition set out in part 1.10(a)(ii) of Annexure A (
Foreign Acquisitions and Takeovers Act) of its bidder's statement dated
15 April 2011, none of the defeating conditions have been fulfilled.
This variation has the effect of postponing for more than 1 month the time when
GGG has to meet its obligations to shareholders who accepted the offers before
the date of this notice. As a result, under section 650E of the Act, those
shareholders may withdraw their acceptance of the offer by giving notice to GGG
within the 1 month period beginning on the date on which this notice is
received and returning any consideration received under the offers.
A notice by a shareholder withdrawing their acceptance must:
a. if the shareholder's shares are in a CHESS Holding, be in the form of a
Valid Originating Message transmitted to ASX Settlement by the Controlling
Participant for that holding, specifying the number of shares to be
released from the Offer Accepted Subposition in which the shares have been
reserved; or
b. in any other case, be in writing.
If a shareholder withdraws their acceptance, GGG will, within 14 days:
a. return to the shareholder any documents that were send to GGG with the
acceptance; and
c. if the shareholder's shares are in a CHESS Holding, Transmit a Valid
Message that authorises the release of those shares from the Offer Accepted
Subposition in which the Holding has been reserved.
Words defined in the ASX Settlement Operating Rules have the same meaning when
used in this notice, unless the context requires otherwise.
This notice is dated 24 June 2011.
A copy of this notice was lodged with ASIC on 24 June 2011. ASIC takes not
responsibility for the contents of this notice.
Signed for and on behalf of
GGG Resources plc
David McArthur
Director
END
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