ASX 27 March 2018 Recommended cash and scrip offer by OZ...

ASX 27 March 2018
Recommended cash and scrip offer by OZ Minerals to AVB AVANCO RESOURCES
Highlights of the Offer for Avanco Shareholders • Highly compelling, unanimously recommended offer of $0.085 cash plus 0.009 OZ Minerals shares for every one Avanco share • Offer price represents $0.168 per Avanco share, a 118% premium to the last closing price of Avanco1
• Attractive Premium6 - OZ Minerals’ Offer represents an approximate:
o 118% premium to the closing price of Avanco on 26 March 2018, the last trading day prior to the announcement of the Offer;
o 118% premium to the 5-day volume weighted average price (VWAP) of Avanco up to and including 26 March 2018; and
o 115% premium to the 1-month VWAP of Avanco up to and including 26 March 2018.