Will there be an announcement today?
If Nex Metals does not prepare and lodge its replacement target’s statement by
14 January 2022 (unless extended with the Panel’s consent), Metalicity may
engage an expert to produce an independent expert’s report opining on
whether the bid is fair and reasonable (Metalicity IER) and dispatch the
Metalicity IER to Nex Metals shareholders.
• The external costs of the Metalicity IER (including the fees and expenses of the
independent expert and dispatch costs) are to be borne by Nex Metals’ directors
jointly and severally up to an amount of $50,000 (with no indemnification or
reimbursement from Nex Metals) and with the balance to be borne by
Metalicity
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Ann: Change in substantial holding for NME, page-22
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