Ramelius Resources Ltd (ASX:RMS)
A$ 2.28 0.14 (6.54%) Market Cap: 2.62 Bil Enterprise Value: 2.20 Bil PE Ratio: 11.15 PB Ratio: 1.84 GF Score: 79/100

Ramelius Resources Ltd to Acquire Apollo Consolidated Limited Transcript

Oct 18, 2021 / 12:00AM GMT
Release Date Price: A$1.59 (-2.46%)
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

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