News: AOP Ramelius Resources Makes A Significantly Improved Off- Market Takeover Offer To Acquire...

Nov 1 (Reuters) - Apollo Consolidated Ltd (AOP) :

• MAKES A SIGNIFICANTLY IMPROVED OFF- MARKET TAKEOVER OFFER TO ACQUIRE APOLLO CONSOLIDATED LIMITED
• APOLLO SHAREHOLDERS TO RECEIVE AN IMPLIED OFFER PRICE OF A$0.621 PER SHARE
• REVISED OFFER IS UNCONDITIONAL AND UNANIMOUSLY RECOMMENDED BY APOLLO DIRECTORS
• REVISED OFFER COMPRISING A$0.34 IN CASH AND 0.1778 RAMELIUS SHARES PER APOLLO SHARE
• ENTERED BINDING AGREEMENT WITH A MAJOR APOLLO SHAREHOLDER TO IMMEDIATELY ACCEPT INTO REVISED OFFER