EQS-Adhoc: SunMirror AG: SunMirror AG (‚the Company‘) announces launch of offer to acquire Latitude 66 Cobalt Limited.

EQS-Ad-hoc: SunMirror AG / Key word(s): Takeover
SunMirror AG: SunMirror AG (‚the Company‘) announces launch of offer to
acquire Latitude 66 Cobalt Limited.

20-Dec-2021 / 08:50 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS – a service of EQS Group
AG.
The issuer is solely responsible for the content of this announcement.

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Publication of inside information pursuant to Article 17 of the EU Market
Abuse Regulation (MAR)

SunMirror AG („the Company“) announces launch of offer to acquire Latitude
66 Cobalt Limited.

Further to the announcement made by the Company on 26 August 2021, the
Company announces that on 19 December 2021 its wholly owned subsidiary
SunMirror S.A. („SM S.A. „) has entered into a bid implementation
agreement with Latitude 66 Cobalt Limited („Lat66“) („BIA“) in connection
with the proposed offer to acquire the issued share capital of Lat66, the
parent company of Finnish cobalt company at a price of AUD0.467 per Lat66
share („the Offer“).

Under the terms of the BIA, SM S.A. and Lat66 will lodge their respective
bidder’s and target’s statements made in connection with the Offer on 22
December 2021 with the Australian Securities and Investments Commission
and despatch those statements to Lat66’s shareholders. Assuming the
required level of acceptances is received from the recipients of the offer
and acceptance of those holding performance rights in respect of ordinary
shares in Lat 66 of an offer to acquire those performance rights at a
price equal to that offered to Lat66’s shareholders, and subject to other
conditions being satisfied, the timetable for completion of the Offer and
completion of the entire issued share capital of Lat66 plus all
performance rights is as follows:

Offer Closes 4 February 2022
Despatch of compulsory acquisition notices to 4 February 2022
non-accepting Lat66 shareholders
Completion of compulsory acquisition of Lat66 shares from 4 March 2022
Lat66 shareholders

 

The total purchase price which would become payable to Lat66’s
shareholders and the holders of performance rights on completion of the
Offer is AUD 69,116,000.

Zug, Switzerland, December 20, 2021 – SunMirror AG („SunMirror“; XETRA
Vienna: ROR1; ISIN CH0396131929)

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Information and Explanation of the Issuer to this News:

Explanatory Note

SunMirror, which has prospective resource projects in Australia, expands
its market presence through the acquisition of Lat66 and is able to supply
the European economy with cobalt and other critical commodities and metals
such as lithium from sustainable, stable and legally secure sources in
compliance with applicable laws, regulations and ESG requirements. With
the acquisition of Lat66, SunMirror is excellently positioned to act as a
strategic partner to the European economy, supplying raw materials for
digital transformation.

Demand for critical raw materials such as cobalt and lithium has been
growing rapidly for years. Drivers of this demand include new
technological developments such as electromobility. Recently, the European
Union (‚EU‘) reaffirmed, as part of the launch of its European Green Deal,
that a lack of access to critical raw materials or over-dependence on
single suppliers would undermine Europe’s ability to be an industrial
leader in new technologies. In order to achieve the EU’s goal of climate
neutrality, it is important not to create new dependency on uncertain
third countries for these critical raw materials in terms of legal
certainty, working conditions and environmental standards.

About SunMirror AG
The Group invests into strategic mineral exploration assets with a focus
on sustainable green battery metals, like cobalt, lithium, and nickel, as
well as iron ore and gold deposits in developed markets. The company aims
to either produce minerals at a later stage or sell those assets to
strategic buyers. SunMirror is differentiated by taking a ‚mine-to-market‘
approach to sustainability across the value chain, creating a mining
industry ‚best practice.‘ The company’s shares (ISIN CH0396131929) are
listed on the Vienna Stock Exchange (ticker: ROR1) as well as on Xetra and
the Frankfurt Stock Exchange (ticker: ROR). For further information,
please visit: [1]www.sunmirror.com

Press contact

edicto GmbH
Doron Kaufmann / Axel Mühlhaus
Phone: +49 69 905505-53
sunmirror@edicto.de
Eschersheimer Landstrasse 42 – 44
60322 Frankfurt/Main

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20-Dec-2021 CET/CEST News transmitted by EQS Group AG. www.eqs.com

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Language: English
Company: SunMirror AG
Steinhauserstrasse 74
6300 Zug
Switzerland
E-mail: info@sunmirror.ch
Internet: https://www.sunmirror.ch
ISIN: CH0396131929
WKN: A2JCKK
Listed: Regulated Unofficial Market in Berlin, Dusseldorf; Vienna
Stock Exchange (Official Market)
EQS News ID: 1259742

 
End of Announcement EQS News Service

1259742  20-Dec-2021 CET/CEST

References

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