Notice

Off-market takeover bid by Catalyst Metals Limited (ASX Code: CYL) to purchase all of the fully paid ordinary shares in Vango Mining Limited (ASX code: VAN)

What's this about:
  • ASX Market
  • Clearing
  • Settlement
  • Operations
  • Market Data
  • Compliance
  • Risk
Notice reference number: 0050.23.01
Date published: 16/01/23
Effective as of: 16/01/23
Last updated: 16/01/23

This Notice is being issued to provide Participants with further information in relation to the bid and details the acceptance process through CHESS.

What do I need to do by when?

Bid Details

Bidder:

Catalyst Metals Limited

UIC:

11747

Registry/Agent:

Automic Registry Services

Target Issuer:

Vango Mining Limited

Target ASX Code:

VAN

Takeover Code/Consideration

VAN001 – 5 Catalyst Metals Limited shares for every 115 Vango Mining Limited shares held


Offer Period

Offer Open Date:

16 January 2023

Offer Close Date:

5:00pm (Perth time) on 20 February 2023 (unless extended or withdrawn)


CHESS will process acceptance messages until 5:00pm (Perth time) on 20 February 2023 or in the event that the bid is extended, such other time as may be notified by bidder to the market.

The Catalyst Metals Limited bid is conditional and a shareholder may only accept the offer in relation to all of their VAN shares held at the time the acceptance is processed, unless section 11.1(j) of Catalyst Metals Limited’s bidder’s statement dated 10 January 2023 applies to the shareholder.

For further information regarding the Offer, please contact Catalyst Metals Limited on +61 8 6107 5878 or at admin@catalystmetals.com.au between 8:30 am and 5.00 pm (Perth time) Monday to Friday.

Need more information?

Issued by

Rebecca Hayes

Contact information

Rebecca Hayes
1800 814 051
chesshelp@asx.com.au

General Information

Participants should refer to Section 13 of the CHESS Procedure Guidelines for Participants and Section 14 of the ASX Settlement Operating Rules for further information concerning the processing of Takeover Acceptance Messages for a CHESS Holding of securities. Some of these issues are summarised below. 

  • A Participant must initiate acceptance of an offer by transmission of an EIS type ‘031’ message (Takeover Acceptance) where the securities in question are held in a CHESS Holding. The Participant will receive a ‘032’ message (Effected Takeover Acceptance) from CHESS in response. 
  • In addition to the electronic notification to the Participant, paper notification will be sent directly to the Holder as securities are reserved in an offer-accepted subposition. Any change to the balance of securities in subposition will generate further electronic advice to the Participant and paper advice to the Holder.
  • Where a Participant receives instructions from a Sponsored Holder, the Participant is required under the ASX Settlement Operating Rules to initiate acceptance of an offer:
  • if the Holder specifies the time when or by which the offer must be accepted, in accordance with those instructions; otherwise 
  • by End of Day on the date of receipt of instructions from the Holder. Where the offer closes on the date of receipt of instructions then prior to the close of the offer. 

Participants should therefore retain, as a minimum, a record of the date on which instructions to accept an offer are received from a Sponsored Holder.

Disclaimer