ASX RELEASENOTIFICATION OF HOLDINGS – ALPINE ASSOCIATES MANAGEMENT INC.9 August 2019Kidman Resources Limited (Kidman or the Company) (ASX: KDR) advises that it has received a notification from Alpine Associates Management Inc. (Alpine) of ordinary shares and equity derivatives held by Alpine in relation to Kidman shares.Alpine is a United States based fund manager with a primary strategy of merger arbitrage.Alpine has informed Kidman that it, as the investment manager for a group of private investment funds and other entities, holds a total of 19,050,783 ordinary shares of Kidman, representing approximately 4.71% of outstanding shares. In addition, Alpine holds cash- settled contracts for differences relating to 1,806,102 ordinary shares of Kidman, representing approximately 0.45% of outstanding shares.Together, such shares and the reference securities for such derivatives total 20,856,885 Kidman shares, representing approximately 5.2% of outstanding shares.Such shares and derivatives were acquired between 10 July 2019 and 7 August 2019, at prices or reference prices of either $1.89 per share or $1.895 per share. The total holding of shares and derivatives (expressed as their reference securities) exceeded 5% of outstanding shares on 7 August 2019. On 7 August 2019, 3,567,709 shares were purchased at a price of $1.895 per share, and derivatives for 348,569 reference securities were acquired at a price of $1.895 per share.This announcement is made by the Company in accordance with the guidance provided by the Takeovers Panel in Guidance Note 20 – Equity Derivatives.For more informationInvestors:Sarah McNallyInvestor RelationsTel: +61 436 611 192Email: [email protected]:Olivia BrownMorrisBrown CommunicationsTel: +61 409 524 960Email: [email protected] MorrisMorrisBrown CommunicationsTel: +61 407 789 018Email: [email protected] For personal use only ABOUT KIDMAN RESOURCESKidman Resources Limited (ASX:KDR) is developing the world class Mt Holland Lithium Project in a 50:50 joint venture called Covalent Lithium with Sociedad QuĂmica y Minera De Chile S.A., the world’s largest lithium producer. The Mt Holland Lithium Project comprises a Mine & Concentrator and Refinery and will be a globally significant, low cost, integrated producer of battery-grade lithium hydroxide meeting increased demand from the electric vehicle market.Kidman Resources LimitedABN 88 143 526 096NE Suite, Level 30 | 140 William Street | Melbourne Victoria 3000 | AustraliaFor personal use only
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