After-market purchase and offer price increase
CAML increases NWR acquisition offer price from A$0.055 to A$0.062 per share after purchasing 7.1% stake.
- NWR shares purchased 253,018,511
- Percentage of NWR issued capital 7.1%
- Purchase price per NWR share A$0.062
- Previous offer price per NWR share A$0.055 (prior A$0.055)
- NWR valuation at new price A$230 million
Select text to share a quote on X · sign in to keep highlights & notes in your CAML notes
Central Asia Metals Plc (AIM: CAML) refers to the proposed acquisition of 100% of the issued share capital of New World Resources Limited (ASX:NWC) ('NWR') by CAML, by way of an Australian Scheme of Arrangement announced on 21 May 2025 (and as revised on 20 June and 23 June 2025) (the 'Scheme') and an off-market takeover bid under Chapter 6 of the Corporations Act 2001 (Cth) that will be run in parallel, but not in substitution, to the Scheme (the 'Takeover Offer'), as announced on 20 June 2025.
Following market close on the Australian Securities Exchange ('ASX') today, CAML acquired a total of 253,018,511 NWR shares via off-market trades, representing approximately 7.1% of the issued capital of NWR, at $0.062 per NWR share. Immediately after that purchase, CAML notified NWR of the purchase and advised NWR that it proposes an increase to the cash consideration payable under both the Scheme and Takeover Offer from A$0.055 to A$0.062 per NWR share, valuing NWR at approximately A$230 million.
A separate Deed of Variation to the Scheme Implementation Deed (as varied on 20 June and 23 June 2025) between CAML and NWR is intended to be executed to formalise the price increase, and CAML will make a further release at that time.
Advisers and counsel
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.