Shanta Gold Limited Statement regarding Shandong Gold Group, Limited (2785G)
November 14 2022 - 2:49AM
UK Regulatory
TIDMSHG
RNS Number : 2785G
Shanta Gold Limited
14 November 2022
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT
JURISDICTION
THIS ANNOUNCEMENT IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF
THE UNITED KINGDOM ("UK") CITY CODE ON TAKEOVERS AND MERGERS (THE "
CODE").
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT
FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION
(WITHDRAWAL) ACT 2018 ("MAR"), AND IS DISCLOSED IN ACCORDANCE WITH
THE COMPANY'S OBLIGATIONS UNDER ARTICLE 17 OF MAR
FOR IMMEDIATE RELEASE
14 November 2022
Shanta Gold Limited ("Shanta" or the "Company")
Statement regarding Shandong Gold Group Co., Limited ("SDG")
Shanta has been informed by SDG that further to the announcement
made by Shanta on 18 October 2022, it does not intend to make an
offer for the Company.
As a result, SDG and any person acting in concert with it will,
except with the consent of the Panel on Takeovers and Mergers, be
bound by the restrictions contained in Rule 2.8 of the Code.
However, as is customary under Rule 2.8 of the Code, SDG (and
any persons acting in concert with it) reserves the right to make
or participate in an offer or possible offer for Shanta (and/ or
take any other action which would otherwise be restricted under
Rule 2.8 of the Code) within six months of the date of this
announcement:
a) with the agreement of the board of Shanta;
b) following the announcement of a firm intention to make an
offer for Shanta by or on behalf of a third party;
c) following the announcement by Shanta of a Rule 9 waiver proposal (see Note 1 of the Notes on Dispensations from Rule 9 of the Code) or for a reverse takeover (as defined in the Code); or
d) where the Panel on Takeovers and Mergers has determined that
there has been a material change of circumstances.
In accordance with Rule 26.1 of the Code, a copy of this
announcement will be available (subject to certain restrictions
relating to persons resident in restricted jurisdictions) on
Shanta's website at
https://shantagold.com/investors/takeover-offer/ by no later than
12 noon (London time) on the business day following the date of
this announcement. The content of this website is not incorporated
into, and does not form part of, this announcement.
SDG has provided its consent with respect to the contents and
issue of this announcement.
For further information, please contact:
+44 (0) 14 8173
Shanta Gold Limited 2153
Eric Zurrin (CEO)
Luke Leslie (CFO)
Liberum Capital Limited (Joint Financial Adviser, +44 (0)20 3100
NOMAD and Broker) 2000
Corporate Broking
Scott Mathieson / Ed Thomas / Nikhil Varghese
/ Lucas Bamber
M&A
Tim Medak / Mark Harrison
Treadstone Resource Partners (Joint Financial +61 (0) 2 9210
Adviser) 5600
Ross King / Adam Bill
+ 44 (0) 203
FTI Consulting (Media enquiries) 727 1000
Sara Powell
Nick Hennis
Important information
This announcement is not intended to, and does not, constitute,
represent or form part of any offer, invitation or solicitation of
an offer to purchase, otherwise acquire, subscribe for, sell or
otherwise dispose of any securities or the solicitation of any vote
or approval in any jurisdiction whether pursuant to this
announcement or otherwise.
The distribution of this announcement in jurisdictions outside
the United Kingdom may be restricted by law and therefore persons
into whose possession this announcement comes should inform
themselves about, and observe, such restrictions. Any failure to
comply with the restrictions may constitute a violation of the
securities law of any such jurisdiction.
This information is provided by RNS, the news service of the
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END
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