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News: CDV Nord Gold S.E. Says Will Make Off-Market Takeover For All Outstanding Share Capital Of...

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    28/10/20
    10:10
    Post #: 48443972

    Oct 28 (Reuters) - Nord Gold S.E.:

    • WILL MAKE OFF-MARKET TAKEOVER FOR ALL OUTSTANDING SHARE CAPITAL OF CARDINAL ON SAME TERMS AS ITS ON- MARKET OFFER
    • IF A HIGHER COMPETING OFFER IS MADE, CO MAY INCREASE ITS OFFER PRICE UNDER OFF-MARKET OFFER, INCLUDING TO A$1.05 PER SHARE
    • OFF-MARKET OFFER FOR CARDINAL WILL BE FREE OF CONDITIONS, AND OFFER PRICE OF A$1.00
    • PROPOSES TO OFFER TO HOLDERS OF CERTAIN CARDINAL OPTIONS TO ACQUIRE THEIR CARDINAL OPTIONS ON SAME TERMS AS THOSE OFFERED BY SHANDONG
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