Notice

Updated - Off-market takeover bid by Aurum Resources Limited to purchase all of the shares in Mako Gold Limited (ASX code: MKG)

What's this about:
  • ASX Market
  • Clearing
  • Settlement
  • Operations
  • Market Data
  • Compliance
  • Risk
Notice reference number: 1292.24.11
Date published: 04/11/24
Effective as of: 04/11/24
Last updated: 05/11/24

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

Updated - Change to Closing date

What do I need to do by when?

Bid Details

Bidder:

Aurum Resources Limited

UIC:

11808

Registry/Agent:

Automic Pty Ltd

Target Issuer:

Mako Gold Limited

Target ASX Code:

MKG

Takeover Code/Consideration

MKG001 – 1 Aurum share for every 25.1 Mako shares  


Offer Period

Offer Open Date: 

  4 November 2024

Offer Close Date:

7:00pm (Sydney time) on 4 December 2024

Additional information

Aurum Resources Limited’s offer extends to the unlisted attaching options that were issued in relation to Mako Gold Limited’s share purchase plan completed in February 2024.  

An acceptance of the offer for the unlisted Options expiring 31 January 2025, is independent to the share offer and will be managed as issuer sponsored holdings.

 

CHESS will process acceptance messages until 7:00pm (Sydney time) on 4 December 2024, or in the event that the bid is extended, such other time as may be notified by bidder to the market.

The MKG bid is conditional and a shareholder may only accept the offer in relation to all of their MKG shares held at the time the acceptance is processed.

For further information regarding the Offer or how to accept the Offer, please refer to the contact details set out in the Bidder's Statement.

Need more information?

Issued by

Anjita Sharma, Equity Post Trade Operations

Contact information

Anjita Sharma
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