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RNS Number : 3836D
Shanta Gold Limited
19 October 2022
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF SUCH JURISDICTION.
THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.4 OF THE CITY CODE
ON TAKEOVERS AND MERGERS (THE "CODE") AND DOES NOT CONSTITUTE AN
ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF
THE CODE. THERE CAN BE NO CERTAINTY THAT ANY OFFER WILL BE MADE,
NOR AS TO THE TERMS ON WHICH ANY OFFER MIGHT BE MADE.
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
19 October 2022
Shanta Gold Limited
("Shanta" or the "Company")
Statement regarding possible offers
Further to its announcements of 18 October 2022, in which the
Board of Shanta Gold Limited ("Shanta") confirmed that it has
received approaches from Shandong Gold Group Co., Ltd ("Shandong"),
Yintai Gold Co., Ltd ("Yintai") and Chaarat Gold Holdings Ltd
("Chaarat") which may or may not result in an offer for the
Company, Shanta further confirms that based on further discussions,
any offer from Yintai is also likely to be solely in cash.
This announcement has not been made with the consent of
Shandong, Yintai or Chaarat.
The person responsible for arranging this announcement on behalf
of Shanta Gold Limited is Eric Zurrin, Chief Executive Officer.
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
Notice related to financial advisers
Liberum Capital Limited ("Liberum"), which is authorised and
regulated by the Financial Conduct Authority in the United Kingdom,
is acting exclusively for Shanta Gold Limited and for no one else
in connection with the subject matter of this announcement and will
not be responsible to anyone other than Shanta Gold Limited for
providing the protections afforded to its clients or for providing
advice in connection with the subject matter of this
announcement.
Disclosure requirements of the Takeover Code
Under Rule 8.3(a) of the Code, any person who is interested in
1% or more of any class of relevant securities of an offeree
company or of any securities exchange offeror (being any offeror
other than an offeror in respect of which it has been announced
that its offer is, or is likely to be, solely in cash) must make an
Opening Position Disclosure following the commencement of the offer
period and, if later, following the announcement in which any
securities exchange offeror is first identified. An Opening
Position Disclosure must contain details of the person's interests
and short positions in, and rights to subscribe for, any relevant
securities of each of (i) the offeree company and (ii) any
securities exchange offeror(s). An Opening Position Disclosure by a
person to whom Rule 8.3(a) applies must be made by no later than
3.30 pm (London time) on the 10th business day following the
commencement of the offer period and, if appropriate, by no later
than 3.30 pm (London time) on the 10th business day following the
announcement in which any securities exchange offeror is first
identified. Relevant persons who deal in the relevant securities of
the offeree company or of a securities exchange offeror prior to
the deadline for making an Opening Position Disclosure must instead
make a Dealing Disclosure.
Under Rule 8.3(b) of the Code, any person who is, or becomes,
interested in 1% or more of any class of relevant securities of the
offeree company or of any securities exchange offeror must make a
Dealing Disclosure if the person deals in any relevant securities
of the offeree company or of any securities exchange offeror. A
Dealing Disclosure must contain details of the dealing concerned
and of the person's interests and short positions in, and rights to
subscribe for, any relevant securities of each of (i) the offeree
company and (ii) any securities exchange offeror(s), save to the
extent that these details have previously been disclosed under Rule
8. A Dealing Disclosure by a person to whom Rule 8.3(b) applies
must be made by no later than 3.30 pm (London time) on the business
day following the date of the relevant dealing.
If two or more persons act together pursuant to an agreement or
understanding, whether formal or informal, to acquire or control an
interest in relevant securities of an offeree company or a
securities exchange offeror, they will be deemed to be a single
person for the purpose of Rule 8.3.
Opening Position Disclosures must also be made by the offeree
company and by any offeror and Dealing Disclosures must also be
made by the offeree company, by any offeror and by any persons
acting in concert with any of them (see Rules 8.1, 8.2 and
8.4).
Details of the offeree and offeror companies in respect of whose
relevant securities Opening Position Disclosures and Dealing
Disclosures must be made can be found in the Disclosure Table on
the Takeover Panel's website at www.thetakeoverpanel.org.uk,
including details of the number of relevant securities in issue,
when the offer period commenced and when any offeror was first
identified. You should contact the Panel's Market Surveillance Unit
on +44 (0)20 7638 0129 if you are in any doubt as to whether you
are required to make an Opening Position Disclosure or a Dealing
Disclosure.
Website publication
In accordance with Rule 26.1 of the Code, a copy of this
announcement will be published on the Company's website at
www.shantagold.com promptly and by no later than 12 noon (London
time) on the business day following this announcement. The content
of this website is not incorporated in, and does not form part of,
this announcement.
Rule 2.9 disclosure
In accordance with Rule 2.9 of the Code, Shanta Gold Limited
confirms that, as at the date of this announcement, its issued and
fully paid share capital consists of 1,048,258,658 ordinary shares
of 0.01p each. The International Securities Identification Number
(ISIN) for the ordinary shares is GB00B0CGR828.
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END
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