MCT 0.00% 0.2¢ metalicity limited

Should we be expecting an NME announcement regarding a...

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    Should we be expecting an NME announcement regarding a replacement target statement today or tomorrow ... as per the Takeover Panel's notice?

    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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