Republic did well on Acer Energy when Drillsearch made a takeover offer.
Why Acer shareholders should accept the offer
6
The Offer represents a significant premium to recent trading prices of Acer Shares 53% premium to the three-month VWAP(1)
31% premium to Acer’s last closing price
Acer’s shares have not traded at or above the offer price for more than 3 years
The offer price represents a full and fair price, 100% cash and certainty of value
Republic sold a 19.90% interest in Acer to Drillsearch, making Drillsearch Acer’s largest
shareholder
Republic, Acer’s 2nd largest shareholder, has indicated support for the Offer and intends to accept the Offer for its remaining 18.82% interest(2)
The Offer is unconditional other than Prescribed Occurrences
Accelerated payment terms
Ann: Quarterly Activities and Cashflow Report, page-28
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