Lincoln considering takeover offer
PERTH (miningweekly.com) – Takeover target Lincoln Minerals on Wednesday urged shareholders not to take any action regarding a takeover offer from fellow-listed Quantum Graphite.
The ASX-listed Quantum Graphite earlier this week lodged a bidder’s statement offering one of its own shares for every 40 Lincoln shares held. The offer implied a value of 1.02c a share for each Lincoln share held, and represented a more than 30% premium to Lincoln’s most recent share price.
Lincoln told shareholders that the company’s board was expected to meet to consider the proposed offer, and would make a subsequent recommendation on the offer.
“The board is united to ensure the interests of all Lincoln Minerals shareholders are protected and that shareholder value is maximized,” the company said in a statement.
Lincoln has been suspended from share trading since September 2020 after the ASX found that its operations were not adequate to warrant the continued quotation of its securities. The company’s securities would remain suspended until it can demonstrate compliance with ASX listing rules.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation