Nexus Energy Limited (“Nexus”) has acquired a relevant interest of 40.4 million shares in Anzon
Australia Limited (“Anzon”). This strategic stake represents 10.91% of the current issued capital
of Anzon.
The relevant interest of 10.91% has been acquired via on-market purchases and an off-market
exchange of Nexus shares for Anzon shares.
The on-market purchase of 26.8 million shares was acquired at a volume weighted average price
of just under $1.69 per share.
The off-market acquisition of 13.6 million shares from a subsidiary of Viking Shipping Limited
(“Viking”) in exchange for shares in Nexus based on an exchange ratio of 1.1 Nexus shares for 1
Anzon share.
The off-market acquisition of 13.6 million shares from Viking was acquired in two tranches:
tranche one being the unconditional agreement to purchase 10.9 million shares and tranche two
being the agreement to purchase 2.7 million shares which is conditional on FIRB approval.
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