Business
Cash Offer Price Increase for New World Resources
Cash Offer Price Increase for New World Resources.
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\n17 July 2025\nCentral Asia Metals PLC\n(the 'Group', the 'Company' or 'CAML')\nIncreased CAML Cash Offer Price of A$0.065 per share for New World Resources Limited \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 via a NWR board recommended off-market takeover bid under Chapter 6 of the Corporations Act 2001 (Cth), in accordance with the terms of the Bid Implementation Deed between CAML and NWR dated 21 May 2025 (as amended and restated by a deed of amendment and restatement dated 6 July 2025) ('BID') ('CAML Offer').\nCAML announces that on 16 July 2025 the BID was varied pursuant to a deed of variation (the 'Deed of Variation') under which CAML and NWR agreed to increase the Offer Price from A$0.062 to A$0.065 per NWR share, valuing NWR at approximately A$240 million. In addition, CAML has declared the CAML Offer unconditional.\nThe BID sets out the agreed terms on which CAML will make the CAML Offer and the obligations of the parties in relation to the CAML Offer. A copy of the Deed of Variation was attached in full to NWR's ASX announcement dated 17 July 2025 titled \"New World Board Recommends Revised CAML Takeover Offer\" and a copy is available from the ASX website at (www.asx.com.au).\nCAML has commenced the despatch of its Bid...