Oct 18, 2021 / 12:00AM GMT
Operator
Thank you for standing by, and welcome to the Ramelius Resources Acquisition of Apollo Consolidated Conference Call. (Operator Instructions) I would now like to hand the conference over to Mr. Mark Zeptner, Managing Director of Ramelius Resources. Please go ahead.
Mark William Zeptner - Ramelius Resources Limited - MD, CEO & Director
Good morning, everyone. Thank you for taking the time to dial in. Joining me this morning is Ramelius' CFO, Tim Manners; and Apollo Consolidated Managing Director, Nick Castleden. Welcome, Nick.
As you will be aware, today, Ramelius announced a recommended off-market takeover offer for Apollo Consolidated Limited. Owner of the Lake Rebecca Gold project, located approximately 150 kilometers east of Kalgoorlie, and one of Australia's premier gold provinces.
The offer has an implied value of $0.56 per share, comprising $0.34 in cash and 0.1375 Ramelius shares per Apollo share, representing a 20% -- 27% premium to Apollo's last closing price, 38% premium to its 30-day VWAP and 52% premium to its 3-month VWAP. The
Ramelius Resources Ltd to Acquire Apollo Consolidated Limited Transcript
Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis | |
30-Year Financial on one screen | |
All-in-one Stock Screener with unlimited filters | |
Customizable Stock Dashboard | |
Real Time Insider Trading Transactions | |
8,000+ Institutional investors’ 13F holdings | |
Powerful Excel Add-in and Google sheets Add-on | |
All data downloadable | |
Quick customer support | |
And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot