2014

Takeover bid by Troy Resources Limited for Azimuth Resources Limited - Notice of Change of Interests of Substantial Holder and Institutional Acceptance Facility

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

PERTH, Western Australia, June 12, 2013 /CNW/ - Azimuth Resources Limited (Azimuth) (ASX, TSX: AZH) advises that Troy Resources Limited (Troy) (ASX, TSX: TRY) has today advised that the aggregate of:

        a) the number of Azimuth ordinary shares the subject of acceptance instructions (in the form of acceptance forms and/or directions to custodians to accept the Troy offer) that have been received in the Institutional Acceptance Facility (IAF) as at 7.00pm (Sydney time) yesterday; and
         
        b) the number of Azimuth shares in which Troy has a relevant interest,

are as follows:

  Number of Azimuth
ordinary shares
% of Azimuth ordinary
shares
Shares subject to IAF 93,421,008 21.69%
Relevant interest 127,635,735 29.64%
Total 221,056,743 51.33%

Acceptances received into the IAF include those of Macquarie Metals & Energy Capital (Azimuth's largest shareholder) representing 16.65% of Azimuth's ordinary shares on issue.

Shares the subject of the IAF do not, at this stage, constitute formal acceptances of the takeover offer.

 

SOURCE Azimuth Resources




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