Dec 19 (Reuters) - Azure Minerals Ltd (AZS) : AZURE ENTERS...

Dec 19 (Reuters) - Azure Minerals Ltd (AZS) :

• AZURE ENTERS JOINT BID TID WITH SQM AND HANCOCK
• ENTERED INTO A NEW BINDING TRANSACTION IMPLEMENTATION DEED WITH SOCIEDAD QUÍMICA Y MINERA DE CHILE
• SCHEME IMPLIES A FULLY-DILUTED EQUITY VALUE FOR AZURE OF A$1.70 BILLION
• JOINT BIDDERS WILL ACQUIRE 100% OF SHARES IN AZURE BY WAY OF A SCHEME OF ARRANGEMENT FOR A CASH AMOUNT OF A$3.70 PER AZURE SHARE
• AZURE BOARD UNANIMOUSLY RECOMMENDS TRANSACTION IN ABSENCE OF A SUPERIOR PROPOSAL
• TRANSACTION IS SUBJECT TO LIMITED CONDITIONS, INCLUDING BIDCO OBTAINING FIRB APPROVAL, AMONG OTHERS
• MEETING OF AZURE SHAREHOLDERS TO APPROVE TRANSACTION IS EXPECTED TO BE HELD IN MID MARCH 2024
• TRANSACTION NOT SUBJECT TO ANY FINANCING OR DUE DILIGENCE CONDITIONS & TAKEOVER OFFER NOT SUBJECT TO MINIMUM ACCEPTANCE CONDITION