Fortiana Holdings Limited ("Fortiana") completed the compulsory acquisition of Highland Gold Mining Limited
Further to Fortiana’s announcement on 19 November 2020 that it had received valid acceptances in respect of more than 90 per cent. of the Highland Gold shares to which the Offer related, on 23 November 2020, Fortiana dispatched formal compulsory acquisition documentation notices (the “Compulsory Acquisition Notices”) under Article 117(1) of the Companies (Jersey) Law 1991 (the “Companies (Jersey) Law”) to Highland Gold Shareholders who had not accepted the Offer. These notices set out Fortiana’s intention to apply the provisions of Article 117 of the Companies (Jersey) Law to acquire compulsorily any remaining Highland Gold Shares in respect of which the Offer was not accepted on the same terms as the Offer.
On 4 January 2021 (being six weeks from the date of the Compulsory Acquisition Notices), the Highland Gold Shares held by those Highland Gold Shareholders who had not accepted the Offer were acquired compulsorily by Fortiana on the same terms as the Offer. The consideration to which those Highland Gold Shareholders are entitled is held by Highland Gold as trustee on behalf of those Highland Gold Shareholders and they are requested to claim their consideration by writing to Highland Gold.
If you are a Highland Gold Shareholder who did not accept the Offer and have any enquiries regarding claiming consideration you should contact Computershare Investor Services PLC, Corporate Actions Projects, The Pavilions, Bridgwater Road, Bristol, BS99 6AH or on 0370 707 1066 (or +44 370 707 1066, if telephoning from outside the United Kingdom).
No cash consideration will be sent to an address in a Restricted Jurisdiction.
Terms used but not defined in this announcement have the same meanings as in the Offer Document.
All the times referred to in this announcement are London times unless otherwise stated.
VTB Capital (Financial adviser to Fortiana)
Alex Metherell +44 20 3334 8000
Giles Coffey +44 20 3334 8000
EM (PR adviser to Fortiana)
Denis Denisov +7 985 410 3544
Samuel Vanderlip +44 207 002 7859