from 1st supp target statement oh dear read the bold DCN could be delisted
(b) Genesis currently controls Dacian
As at 19 December 2022, the last practicable date before the date of this Supplementary Target’s
Statement, Genesis has a relevant interest in 76.1% of Dacian’s Shares and controls Dacian. The
only other substantial Dacian shareholders are Kin Mining NL and its associates who together
have, as announced to ASX, a relevant interest in 10.56% of Dacian’s Shares.
Genesis has declared the Offer to be best and final as to consideration and that it will not be
increased, and the Offer will close on 16 January 2023 (unless extended).
If Dacian Shareholders decide not to accept the Offer and remain Dacian Shareholders (and
assuming the Offer closes but Dacian Shares are not compulsorily acquired) the outcome of the
Offer will be that Genesis controls Dacian while other Dacian Shareholders hold a minority
shareholding. If this occurs, the liquidity of Dacian Shares may be reduced. Further, ASX may
also de-list Dacian, which would mean that Dacian Shares could not be sold on market.
from 1st supp target statement oh dear read the bold DCN could...
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