MELBOURNE, Australia, July 28,
2023 /CNW/ - AustralianSuper announces that it
subscribed for 126,684,961 ordinary shares ("Shares") on
25 July 2023 in the capital of
Jervois Global Limited (ASX: JRV) (TSXV: JRV) ("Jervois"),
such that immediately following the subscription,
AustralianSuper held a total of 625,646,101
(or approximately 23.15%) of the issued
and outstanding Shares in Jervois.
The Shares were acquired pursuant to AustralianSuper's
sub-underwriting of the private placements and entitlement offers
by Jervois to retail investors and increased
AustralianSuper's holdings by approximately 2.5%. The 25 July 2023 purchase price per Share was
AUD0.06/CAD0.054 for an aggregate total
purchase consideration of AUD7.6
million/CAD6.8 million.
The head office of Jervois is located at Suite 2.03, 1-11 Gordan
Street, Cremorne, Victoria, 3121,
Australia.
AustralianSuper acquired the Shares for investment purposes in
the normal course of its business and not with the purpose of
influencing the control or direction of Jervois.
In addition, AustralianSuper may in the future, subject to
market conditions and law, make additional investments in or
dispositions of
Jervois' securities for investment purposes.
This news release is issued by AustralianSuper pursuant to
National Instrument 62-104 Take-Over Bids and Issuer
Bids of the Canadian Securities Administrators. AustralianSuper
will file a report in respect of its acquisition of Shares
with the applicable securities commission or securities
regulator in each Canadian jurisdiction in which Jervois is a
reporting issuer. A copy of the report may be obtained from
Andrew Lazar (phone: +61 3 9089
1634) at Level 30/130 Lonsdale Street Melbourne, Victoria, 3000, Australia. AustralianSuper has also made the
necessary disclosures on the Australian Stock Exchange
(ASX).
About AustralianSuper
AustralianSuper is Australia's largest
superannuation fund and is regulated by the
Australian
Prudential Regulation Authority. AustralianSuper manages
A$300 billion in
members' retirement savings on behalf of more than 3.1 million
members from more than 448,000 businesses.
SOURCE AustralianSuper