NRW Holdings (ASX: NWH) today announced an extension of the offer period, and an update on the takeover offer for Primero Group.
HIGHLIGHTS:
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NRW’s Offer extended to 7.00pm (Sydney time) on 19 February 2021 (unless further extended or withdrawn).
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NRW has a relevant interest in 80.35% of Primero’s shares.
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NRW continues to urge Primero shareholders who have yet to accept the Offer to do so without delay before the Offer closes.
NRW Holdings Limited (ASX:NWH) (NRW) refers to its recommended off-market takeover offer (Offer) for all the ordinary shares in Primero Group Limited (ASX:PGX) (Primero).
In order to provide those Primero shareholders that have not yet accepted the Offer adequate time to do so, NRW is pleased to advise that it has varied the Offer by extending the closing date of the Offer so that the Offer is now scheduled to close at 7.00pm (Sydney time) on 19 February 2021 (unless further extended or withdrawn).
As at market close on 11 February 2021, NRW had a relevant interest in 80.35% of Primero’s shares.
A formal notice of variation pursuant to section 650D of the Corporations Act relating to the extension of the Offer has today been lodged with ASIC, provided to Primero and is in the process of being sent to Primero shareholders who are yet to accept the Offer made to them. A copy of the notice, together with a copy of the letter being sent to those Primero shareholders, is attached to this announcement. New acceptance forms will also accompany the letter to those Primero shareholders.
How to accept the Offer
NRW urges all Primero shareholders who have not yet accepted the Offer made to them to ACCEPT WITHOUT DELAY before the Offer closes and take advantage of the accelerated payment terms to become a NRW shareholder.
The Offer is currently scheduled to close at 7.00pm (Sydney time) on Friday, 19 February 2021 (unless further extended).
As noted above, new acceptance forms have been provided to all Primero shareholder who are yet to accept to Offer. Primero shareholder who hold their Primero shares through CHESS can instruct their broker to accept the Offer on their behalf. Please note that Primero shareholders may also return their signed acceptance form by email toprimerotakeover@linkmarketservices.com.auand post original documents in accordance with the instructions set out in the acceptance form.
Primero shareholders that have any questions relating to the Offer or how to accept the Offer made to them, should contact the NRW Information Line on 1300 222 378 (within Australia) or +61 1300 222 378 (for international callers), or your professional financial adviser.
Accelerated payment terms
As previously announced on 3 February 2021, NRW confirms that any NRW shareholders who are yet to validly accept the Offer made to them will be paid their cash consideration and issued with their NRW shares within 10 business days of their acceptance being processed in accordance with the terms of the Offer.
