LYC

1.18%

$6.72 lynas rare earths limited

Ann: Trading Halt, page-3

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26/03/19

10:01

Post #: 37882787
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Originally posted by RVR: ↑

Proposal to acquire Lynas Corporation

Wesfarmers (ASX:WES) has made a conditional, non-binding indicative proposal (Indicative Proposal) to the Board of Lynas Corporation (ASX:LYC) to acquire Lynas for $2.25 a share, payable in cash, pursuant to a scheme of arrangement. The proposal is a premium of 44.7 per cent to the last closing price and a premium of 36.4 per cent to the 60-day weighted average price of Lynas to

25 March 2019.

The proposal is conditional on, among other things, entry into a Process Deed to govern Wesfarmers’ due diligence and the negotiation of a binding Implementation Agreement between the parties. Wesfarmers is seeking to negotiate a Process Deed with Lynas. Any transaction would remain subject to various matters including:

• completion by Wesfarmers of its due diligence investigations;

• negotiation and execution of an Implementation Agreement, for approval by both Boards;

• ensuring that relevant operating licences in Malaysia are in force and will remain in force for a

satisfactory period following completion of the transaction; and

• securing regulatory approvals for the transaction, Lynas shareholder approval, Court approval and

meeting other customary conditions.

There is no certainty that the Indicative Proposal will lead to an agreed transaction.

Wesfarmers is uniquely placed to support Lynas’ future through further capital investment to support downstream processing assets and realise the full potential of the Mt Weld ore body. Wesfarmers also offers highly complementary mining and chemical processing expertise and a track record of working well with diverse Government and other stakeholders to deliver sustainable, positive outcomes for local communities.

Wesfarmers Managing Director Rob Scott said, “An investment in Lynas leverages our unique assets and capabilities, including in chemical processing, and will deliver Lynas’ shareholders with an attractive premium and certain cash return.”

“We also acknowledge the importance of the Lynas Advanced Materials Plant in Malaysia and the strong contribution made by Lynas’ management team and its employees across all operations. We expect Lynas’ employees to continue to play an important role in taking the company forward.”

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well well. first time I am on the good side of trading halt

LYC Price at posting: $1.56 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $6.72		Change -0.080(1.18%)		Mkt cap ! $6.552B

Open	High	Low	Value	Volume
$6.88	$6.89	$6.65	$34.55M	5.141M

Buyers (Bids)

No.	Vol.	Price($)
5	119006	$6.72

Sellers (Offers)

Price($)	Vol.	No.
$6.73	70790	4

View Market Depth

No.	Vol.	Price($)
8	199853	2.100
10	344199	2.090
12	173545	2.080
8	132357	2.070
5	29042	2.060

Price($)	Vol.	No.
2.110	132652	8
2.120	195216	18
2.130	132928	9
2.140	133591	12
2.150	426925	28

Last trade - 16.10pm 25/11/2024 (20 minute delay)

LYC (ASX) Chart

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