Business
After-market purchase and offer price increase
After-market purchase and offer price increase.
About this update from Central Asia Metals Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION AND THE INFORMATION CONTAINED IN IT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO. PLEASE SEE THE FURTHER INFORMATION SECTION WITHIN THIS ANNOUNCEMENT.\nThis announcement does not constitute an offer to buy or sell securities or a solicitation of an offer to buy, sell or otherwise subscribe for securities in any jurisdiction.\nThis announcement contains information that qualifies or may qualify as inside information within the meaning of Article 7 of the UK Market Abuse Regulation No 596/204 (as on-shored into UK domestic law pursuant to the European Union (Withdrawal Act 2018) (as amended)). Upon the publication of this announcement, via a regulatory information service, such inside information is now considered to be in the public domain.\n\n26 June 2025\nCentral Asia Metals PLC\n(the 'Group', the 'Company' or 'CAML')\nCAML after-market purchase of NWR shares and offer price Increase\nCentral Asia Metals Plc (AIM: CAML) refers to the proposed acquisition of 100% of the issued share capital of New World Resources Limited (ASX:NWC) ('NWR') by CAML, by way of an Australian Scheme of Arrangement announced on 21 May 2025 (and as revised on 20 June and 23 June 2025) (the 'Scheme') and an off-market takeover bid under Chapter 6 of the Corporations Act 2001 (Cth) that will be run in parallel, but not in substitution, to the Scheme (the 'Takeover Offer'), as announced on 20 June 2025.\nFollowing market close on the Australian Securities Exchange ('ASX') today, CAML acquired a total of 253,018,511 NWR shares via off-market trades, representing approximately 7.1% of the issued capital of NWR, at $0.062 per NWR share. Immediately after that purchase, CAML notified NWR of the purchase and advised NWR that it proposes an increase to the cash consideration payable under both the Scheme and Takeover Offer from A$0.055 to A$0.062 per NWR share, valuing NWR at approximately A$230 million.\nA separate Deed of Variation to the Scheme Implementation Deed (as varied on 20 June and 23 June 2025) between CAML and NWR is intended to be executed to formalise the price increase, and CAML will make a further release at t...