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4.5¢ atlas iron limited

Ann: 4.2 cents per share takeover offer from Hancock, page-139

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Y4ukikmycow

3,921 Posts.

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18/06/18

21:10

Post #: 33781131
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Originally posted by eyeswideopen ↑

I added Boldand underline to below.

Atlas Iron Limited (“Atlas”) (ASX: AGO) notes the bidder’s statement lodged today with ASIC and
ASX by Redstone Corporation Pty Ltd (“Redstone”), a wholly-owned subsidiary of Hancock
Prospecting Pty Limited, in relation to an off-market takeover bid for 100% of the shares in Atlas for
cash consideration of $0.042 per Atlas share (“Hancock Offer”).
The Hancock Offer is subject only to the condition that no ‘prescribed occurrences’ (being the
occurrences listed in section 652C of the Corporations Act) occur in relation to Atlas or its
subsidiaries prior to the date that is 3 business days after the end of the Hancock Offer period. The
Hancock Offer is not conditional on due diligence, financing, regulatory approval or further internal
approvals.
The Hancock Offer will open in approximately two weeks’ time. Redstone is able to purchase Atlas
shares on-market from today.
The Atlas Board will evaluate the Hancock Offer and provide shareholders with a recommendation
in due course.
Atlas notes its announcement of 8 April 2018 that it had reached agreement with Mineral
Resources Limited (“MinRes”) to combine by way of scheme of arrangement pursuant to which
MinRes will acquire the entire issued capital of Atlas (“Scheme”). Atlas will consider the impact of
the Hancock Offer on the Scheme, including any rights of MinRes to ‘match’ the Hancock Offer,
and will provide shareholders with an update in due course.
The Atlas Board advises shareholders to TAKE NO ACTION in relation to the Hancock Offer until
they receive further advice from the Atlas Board.
Investor Enquiries:
Atlas Iron Limited
Company Secretary +61 8 6228 8000
Media Enquiries:
Read Corporate +61 8 9388 1474
Paul Armstrong +61 421 619 084
18 June 2018
4.2 cents per share takeover offer from Hancock

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Only have one question why would we want to take advice from the board of Atlas what a joke they really are comedians give me a break toddle off board

AGO Price at posting: 4.4¢ Sentiment: Hold Disclosure: Held
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