Perilya Limited

Published : December 19th, 2008

Takeovers Panel Media Release

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19 December 2008

 

TAKEOVERS PANEL MEDIA RELEASE

 

Perilya Limited (ASX:PEM), the New South Wales zinc and lead miner notes today?s media release  from the Takeovers Panel concerning certain undertakings that CBH has given arising from Perilya?s  application to the Takeovers Panel. Perilya raised concerns about the sufficiency of disclosure of financial information and certain statements made about synergies by CBH.

 

CBH TO ISSUE A SUPPLEMENTARY BIDDER?S STATEMENT AND PROVIDE WITHDRAWAL RIGHTS

 

The Panel has accepted an undertaking by CBH and its wholly owned subsidiary, Broken Hill Operations Pty Limited, that:

 

?         as soon as practicable after the release by CBH and Perilya of their respective 31 December 2008 financial statements, CBH will despatch a Supplementary Bidder?s Statement which:

 

o        updates the financial information and pro forma financial information presented in CBH?s replacement Bidder?s Statement lodged with ASX on 26 November 2008; and

 

o        corrects and qualifies statements made by CBH in relation to synergies.

 

?         with effect on or about the date of despatch of CBH?s Supplementary Bidder?s Statement, any Perilya Shareholder who has already accepted CBH?s Offer will be given a right to withdraw their acceptance.  Details of how to exercise the withdrawal rights will be available at the time that CBH issues its Supplementary Bidder?s Statement.

 

PERILYA RECOMMENDS SHAREHOLDERS REJECT CBH?S OFFER

Perilya Directors continue to urge Perilya Shareholders to REJECT CBH?s unsolicited Offer on the basis that Perilya has secured a superior alternative cash-based proposal to CBH?s all-scrip bid, from Zhongjin Lingnan Nonfemet Co. Ltd, as announced on 9 December 2008. Further details on Perilya?s recommendation are set out in Perilya?s Target?s Statement, which was lodged with ASX on 15 December 2008 and dispatched to Perilya Shareholders on 16 December 2008.

For further information please contact:

Investors:      

 

Paul Arndt

Managing Director                                                                                          

+61 8 6210 2000

 

Patrick O?Connor                              

Non-Executive Chairman 

 

Inquiries:      

 

Paul Marinko

Company Secretary

+61 8 6210 2000

Media:              

 

Warrick Hazeldine              

Purple Communications

+61 89485 1254

 

 

Issued by

Purple Communications

Level 3, 28 Kings Park Road, WEST PERTH WA 6005

Ph: 08 9485 1254 Fax: 08 6263 0455

purple@purplecom.com.au


 
 

Perilya Limited

PRODUCER
CODE : PEM.AX
ISIN : AU000000PEM8
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Perilya Ltd. is a zinc and lead producing company based in Australia.

Perilya Ltd. produces zinc, lead, silver in Australia, develops cobalt, copper and silver in Australia, and holds various exploration projects in Australia.

Its main assets in production are BROKEN HILL - POTOSI and BROKEN HILL in Australia, its main asset in development is MOUNT OXIDE in Australia and its main exploration properties are ROCKHAMPTON, BROKEN HILL EXTENDED, PINNACLES (BROKEN HILL EXTENDED), FLYING DOCTOR, NORTHERN LODES, BROKEN HILL SOUTHERN EXTENSIONS, FLINDERS and BROKEN HILL DISTRICT in Australia and TAMPANG in Malaysia.

Perilya Ltd. is listed in Australia and in Germany. Its market capitalisation is AU$ 184.1 millions as of today (US$ 162.7 millions, € 119.3 millions).

Its stock quote reached its highest recent level on January 05, 2007 at AU$ 5.80, and its lowest recent point on November 28, 2008 at AU$ 0.09.

Perilya Ltd. has 526 075 563 shares outstanding.

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Annual reports of Perilya Limited
2007 Annual Report
2006 Annual Report
Project news of Perilya Limited
2/27/2009(Mount Oxide)Increase in Resource for Mount Oxide Copper Project
1/21/2009(Broken Hill)Takeovers Panel Backs Perilya
8/21/2008(Broken Hill - Potosi)Broken Hill Operation
6/13/2008(Broken Hill)Significant new resources defined at Henry George
Corporate news of Perilya Limited
12/1/2010Announces Extension of Offer by Perilya
7/20/2009Silver buy-back transaction announcement
7/16/2009 Lowers Cash Costs of Production Via The Termination Of Silv...
1/22/2009WELCOMES PANEL DECISION, WITHDRAWAL
12/29/2008ZHONGJIN UPDATE
12/19/2008Takeovers Panel Media Release
12/9/2008Secures Watershed Alliance with Zhongjin
12/8/2008ADVISES SHAREHOLDERS TO TAKE NO ACTION ON CBH OFFER
11/14/2008CBH CONFIRMS PERILYA RESOLUTIONS WILL NOT TRIGGER OFFER COND...
10/2/2008Unsolicited Takeover Offer From CBH Resources Limited
8/29/2008 Full Year Report
8/19/2008 Excellent New Copper and Cobalt Intercepts and Metallurgica...
7/22/2008and CBH terminate Merger Implementation Deed
6/12/2008New Resource for Flinders increases confidence in a low cost...
2/21/2008Response to Media Article
12/21/2007Notice of ceasing to be a substantial holder
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AUSTRALIA (PEM.AX)FRANKFURT (PY5.F)
0.350+0.00%0.229+4.57%
AUSTRALIA
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Produces Lead - Silver - Zinc
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