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OZ Minerals Receives Acceptances and Acceptance Instructions for 73.9% of Avanco Shares

13 Jun 2018  |  11:09:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Avanco offer acceptances now total nearly 74 per cent

OZ Minerals advised that it had received acceptances and acceptance instructions of its Offer for a total of 73.9% of the issued capital in Avanco. This total includes 63.7% in direct acceptances and 10.2% in acceptance instructions under the institutional acceptance facility, all of which relate to shares held by BlackRock. As the Offer is unconditional, BlackRock cannot withdraw these instructions and they will be processed as an acceptance. It will extend the offer until 6 July 2018. The Shareholders intending to accept the Offer are encouraged to do so immediately, as there is no reason to delay.

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