Rio Tinto PLC Acquisition of TRQ receives shareholder approval (2858J)
December 09 2022 - 12:58PM
UK Regulatory
TIDMRIO
RNS Number : 2858J
Rio Tinto PLC
09 December 2022
Rio Tinto acquisition of Turquoise Hill receives shareholder
support
Rio Tinto has received the required support from Turquoise Hill
Resources Ltd (TSX: TRQ) (NYSE: TRQ) ("Turquoise Hill")
shareholders for its proposed acquisition of the approximately 49%
of the issued and outstanding shares of Turquoise Hill that it does
not currently own.
Given the transaction is being conducted by way of a Canadian
plan of arrangement, it remains subject to the final approval of
the Supreme Court of Yukon with a hearing scheduled for 14
December. Completion of the acquisition is expected in the days
following court approval, after customary closing procedures.
Rio Tinto Copper Chief Executive Bold Baatar said: "We welcome
the support from minority shareholders, which is a key milestone in
our acquisition of TRQ. This transaction will deliver significant
benefits for all shareholders, and allow us to progress the Oyu
Tolgoi project in partnership with the Government of Mongolia with
a simpler and more efficient governance and ownership
structure."
Additional disclosures
This press release does not constitute an offer to buy or sell
or the solicitation of an offer to sell or buy any securities. Any
offers, solicitations or offers to buy, or any sales of securities
will be made in accordance with registration and other requirements
under applicable law.
Forward-Looking Statements
This press release includes "forward-looking statements" within
the meaning of the U.S. Private Securities Litigation Reform Act of
1995. All statements other than statements of historical facts
included in this release, are forward-looking statements. The words
"intend", "forecast", "project", "anticipate", "estimate", "plan",
"believes", "expects", "may", "should", "will", "target", "pursue",
"seek" or similar expressions, commonly identify such
forward-looking statements. Such forward-looking statements involve
known and unknown risks, uncertainties and other factors which may
cause actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Among the
factors that could cause actual results to differ materially
include, but are not limited to, those relating to whether the
Arrangement will be consummated. Rio Tinto expressly disclaims any
obligation or undertaking (except as required by applicable law,
the UK Listing Rules, the Disclosure Guidance and Transparency
Rules of the Financial Conduct Authority and the Listing Rules of
the Australian Securities Exchange) to release publicly any updates
or revisions to any forward-looking statement contained herein to
reflect any change in its expectations with regard thereto or any
change in events, conditions or circumstances on which any such
statement is based. All information provided in this press release,
including the forward-looking statements herein, speak only as of
the date of this press release.
This announcement contains inside information.
The person responsible for arranging and authorising the release
of this announcement on behalf of Rio Tinto is Steve Allen, Group
Company Secretary.
LEI: 213800YOEO5OQ72G2R82
Contacts Please direct all enquiries to media.enquiries@riotinto.com
Media Relations, UK Media Relations, Australia
Matthew Klar Matt Chambers
M+ 44 7796 630 637 M +61 433 525 739
David Outhwaite Jesse Riseborough
M +44 7787 597 493 M +61 436 653 412
Media Relations, Americas
Simon Letendre
M +514 796 4973
Malika Cherry
M +1 418 592 7293 Investor Relations, Australia
Tom Gallop
Investor Relations, UK M +61 439 353 948
Menno Sanderse Amar Jambaa
M: +44 7825 195 178 M +61 472 865 948
David Ovington
M +44 7920 010 978
Clare Peever
M +44 7788 967 877
Rio Tinto plc Rio Tinto Limited
6 St James's Square Level 43, 120 Collins Street
London SW1Y 4AD Melbourne 3000
United Kingdom Australia
T +61 3 9283 3333
T +44 20 7781 2000 Registered in Australia
Registered in England ABN 96 004 458 404
No. 719885
riotinto.com
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