LONDON - Nioko Resources Corporation has made an unconditional recommended all-cash offer for the entire issued and to be issued ordinary share capital of Hummingbird Resources PLC that it does not already own. The offer follows an agreement reached on December 16, 2024, and is detailed in the offer document published today.
Hummingbird, an AIM-listed gold producing company, has noted the publication and posting of the offer document to its shareholders. Nioko, which currently holds 71.8% of Hummingbird's issued ordinary share capital, has waived the outstanding original conditions, making the offer unconditional from the outset.
The offer will remain open for acceptances until the final closing date, expected to be February 3, 2025, with shareholders receiving at least 14 days' notice prior to the specified date. The offer document is available for download on both Hummingbird's and Nioko's websites.
Furthermore, Nioko has communicated its intention to seek the cancellation of the admission to trading on AIM of Hummingbird's Ordinary Shares once it reaches a sufficient level of acceptances under the offer. This would result in Hummingbird Shares no longer being tradeable on AIM and could potentially affect the liquidity and marketability of the shares.
Shareholders holding shares in certificated form are advised to follow the procedures outlined in the offer document and return the form of acceptance along with any appropriate document(s) of title. Those with shares in uncertificated form (held in CREST) should make their acceptance electronically through CREST as detailed in the offer document.
A shareholder helpline is available for Hummingbird Shareholders with further questions regarding the offer, operated by Link Group.
The announcement contains inside information for the purposes of market abuse regulation and is now considered to be in the public domain. The offer is based on a press release statement and is not an invitation to purchase or subscribe for any securities.
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