ASA Asa Resource

TIDMASA

RNS Number : 4201N

ASA Resource Group PLC

08 August 2017

Asa Resource Group plc (in Administration)

("Asa," or the "Company")

Update on publication of defence circular

On 1 August 2017, the board of Asa announced that it had appointed Mark Skelton and Trevor Birch of Duff & Phelps Ltd as joint administrators of the Company.

As a result of Asa entering administration, its directors no longer have any executive authority to act on behalf of the Company. This means therefore that the board of Asa will not be able to comply with either Rule 25.1 of the Takeover Code which requires the board of an offeree company to send a circular to its shareholders in response to an offer made to those shareholders, or with Rule 25.2 which requires the offeree board to set out the board's opinion on the offer and the board's reasons for forming its opinions.

This announcement has been made with the consent of the Takeover Panel.

Contact

Asa Resource Group plc (in Administration)

One Fleet Place, London EC4M 7WS

communications@asaresourcegroup.com

Nominated Adviser and Broker

SP Angel Corporate Finance LLP

John Mackay, Jeff Keating, Caroline Rowe

Tel: +44 (0) 20 3470 0470

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCUWUARBNAWRAR

(END) Dow Jones Newswires

August 08, 2017 07:27 ET (11:27 GMT)

Asa Resource (LSE:ASA)
Historical Stock Chart
From Dec 2024 to Jan 2025

Asa Resource (LSE:ASA)
Historical Stock Chart
From Jan 2024 to Jan 2025