Annuncio • Sep 24
Sierra Rutile Holdings Limited Announces Board Changes Sierra Rutile Holdings Limited (Sierra Rutile or the company) announced, following the announcement that Leonoil Company Limited (Leonoil) has acquired a relevant interest in more than 90% of the shares in the company and has commenced the process for compulsory acquisition of the minorities, that Mr. Graham Davidson and Mr. Jan Joubert have resigned from the Board, effective 23 September 2024. Mr. Mohamed Cole, recently appointed as a Leonoil Board representative, has now been appointed Chairman of the Sierra Rutile Board, effective 20 September 2024. He replaces Mr. Greg Martin, who will continue to serve as an independent non-executive director on the Board. As a result, the Board will now be comprised of the three recently appointed Leonoil representatives, Mr. Mohamed Cole, Mr. Ibrahim Cole and Mr. Patrick Lambert, together with Sierra Rutile's Managing Director and Chief Executive Officer, Mr. Theuns de Bruyn, and existing independent non-executive directors, Mr. Greg Martin and Mr. Patrick O'Connor. Annuncio • Sep 18
Sierra Rutile Holdings Limited Announces Board Appointments Sierra Rutile announced the appointment of Mr. Mohamed Cole, Mr. Ibrahim Cole and Mr. Patrick Lambert to the Board of Sierra Rutile effective September 18, 2024. Annuncio • Sep 06
Sierra Rutile Holdings Limited Announces Changes to the Board of Directors Sierra Rutile Holdings Limited announced, following September 4, 2024 announcement that Leonoil Company Limited (Leonoil) has acquired a relevant interest in more than 50% of the shares in the Company, that Mr. Mohamed Cole, Mr. Ibrahim Cole and Mr. Patrick Lambert will, subject to the provision of their consents to act, be appointed to the Board of Directors at the request of Leonoil. Separately, Mr. Martin Alciaturi, Sierra Rutile's Finance Director, has advised the Company of his intention to retire from his executive role effective 6 December 2024. To facilitate appointment of the Leonoil representatives to the Board in the shorter-term, Mr. Martin Alciaturi will step down from the Board immediately. Following the above changes, the Board will be comprised of the three new Leonoil representatives together with Managing Director Mr. Theuns de Bruyn, current Chairman Mr. Greg Martin, and existing independent non-executive directors, Mr. Graham Davidson, Mr. Patrick O'Connor and Mr. Jan Joubert. Leonoil retains its rights in relation to Board composition under the Bid Implementation Agreement between Leonoil and the Company. Annuncio • Jul 29
Gemcorp Commodities Assets Holdings Limited cancelled the acquisition of remaining 80.12% stake in Sierra Rutile Holdings Limited (ASX:SRX). Gemcorp Commodities Assets Holdings Limited proposed to acquire remaining 80.12% stake in Sierra Rutile Holdings Limited (ASX:SRX) for AUD 54.4 million on July 1, 2024. A cash consideration valued at AUD 0.16 per share and will be paid by Gemcorp Commodities Assets Holdings Limited for 424,453,918 shares. The transaction is subject to approval by regulatory board / committee. The deal has been unanimously approved by the board. The expected completion of the transaction is August 16, 2024. The termination fee for both parties will be AUD 0.59952 million.
Poynton Stavrianou Pty Ltd acted as financial advisor and Hamilton Locke Pty Ltd acted as legal advisor to Gemcorp. Gresham Advisory Partners Limited acted as financial advisor and King & Wood Mallesons, Australia Branch acted as legal advisor to Sierra Rutile.
Gemcorp Commodities Assets Holdings Limited cancelled the acquisition of remaining 80.12% stake in Sierra Rutile Holdings Limited (ASX:SRX) on July 29, 2024. Annuncio • Jul 02
Gemcorp Commodities Assets Holdings Limited proposed to acquire remaining 80.12% stake in Sierra Rutile Holdings Limited (ASX:SRX) for AUD 54.4 million. Gemcorp Commodities Assets Holdings Limited proposed to acquire remaining 80.12% stake in Sierra Rutile Holdings Limited (ASX:SRX) for AUD 54.4 million on July 1, 2024. A cash consideration valued at AUD 0.16 per share and will be paid by Gemcorp Commodities Assets Holdings Limited for 424,453,918 shares. The transaction is subject to approval by regulatory board / committee. The deal has been unanimously approved by the board. The expected completion of the transaction is August 16, 2024.
Poynton Stavrianou Pty Ltd acted as financial advisor and Hamilton Locke Pty Ltd acted as legal advisor to Gemcorp. Gresham Advisory Partners Limited acted as financial advisor and King & Wood Mallesons, Australia Branch acted as legal advisor to Sierra Rutile. Annuncio • May 17
Sierra Rutile Holdings Limited Announces Directorate Appointments Sierra Rutile Holdings Limited at its AGM held on May 16, 2024, approved election of election of Mr. Jan Joubert and Wara Serry-Kamal directors. Annuncio • Apr 09
PRM Services LLC canceled the acquisition of remaining 88.54% stake in Sierra Rutile Holdings Limited (ASX:SRX) from Samuel Terry Absolute Return Fund managed by Samuel Terry Asset Management Pty Ltd, Perpetual Limited (ASX:PPT), Ecsson Investments Limited, Rockbridge Overseas Limited, Mano Mining And Logistics Limited, Assaad Yazbeck and Joseph Yazbeck. PRM Services LLC made an offer to acquire remaining 88.54% stake in Sierra Rutile Holdings Limited (ASX:SRX) from Samuel Terry Absolute Return Fund managed by Samuel Terry Asset Management Pty Ltd, Perpetual Limited (ASX:PPT), Ecsson Investments Limited, Rockbridge Overseas Limited, Mano Mining And Logistics Limited, Assaad Yazbeck and Joseph Yazbeck for AUD 35.7 million on March 20, 2024. PRM has offered to acquire all the shares of Sierra at AUD 0.095 per share. PRM already holds 11.46% of SRX Shares. The transaction will be funded from existing cash reserves held by PRM. Sierra Rutile Holdings Limited has recommended to take no action in relation to the on-market takeover offer. The Board of Sierra will consider the Offer and the Bidder's Statement and provide a recommendation to Sierra Rutile shareholders in due course. The deal is expected to close on May 5, 2024. Gadens is acting as the legal advisor to PRM Services LLC. Computershare Investor Services 2004 (proprietary) Limited acted as registrar, and Gresham Advisory Partners Limited acted as financial advisor to Sierra Rutile Holdings Limited (ASX:SRX).PRM Services LLC canceled the acquisition of remaining 88.54% stake in Sierra Rutile Holdings Limited (ASX:SRX) from Samuel Terry Absolute Return Fund managed by Samuel Terry Asset Management Pty Ltd, Perpetual Limited (ASX:PPT), Ecsson Investments Limited, Rockbridge Overseas Limited, Mano Mining And Logistics Limited, Assaad Yazbeck and Joseph Yazbeck on April 8, 2024. Board of directors of Sierra Rutile Holdings Limited rejected the offer. Nigel Hunt and Perth of King & Wood Mallesons, Australia Branch acted as legal advisor to Sierra Rutile Holdings Limited. Annuncio • Mar 29
Sierra Rutile Holdings Limited to Report First Half, 2024 Results on Aug 22, 2024 Sierra Rutile Holdings Limited announced that they will report first half, 2024 results on Aug 22, 2024 Annuncio • Mar 23
Sierra Rutile Holdings Limited Receives a Notice from Samuel Terry Asset Management Pty Ltd On March 22,2024, Sierra Rutile Holdings Limited announced that it has received a notice stated to be under section 249N of the Corporations Act 2001 from Samuel Terry Asset Management Pty Ltd as trustee for Samuel Terry Absolute Return Fund (STAM) which holds at least 5% of the votes that may be cast at a general meeting of the Company. STAM has given notice to the Company that it proposes to move 2 resolutions at the next general meeting of the Company, of which is proposed: (1) for the appointment of David Birrell as director of the Company; (2) for the removal of Gregory Martin as director of the Company. STAM states that the request also constitutes notice for the purposes of section 203D(2) of the Corporations Act. Annuncio • Mar 21
PRM Services LLC made an offer to acquire remaining 88.54% stake in Sierra Rutile Holdings Limited (ASX:SRX) from Samuel Terry Absolute Return Fund managed by Samuel Terry Asset Management Pty Ltd, Perpetual Limited (ASX:PPT), Ecsson Investments Limited, Rockbridge Overseas Limited, Mano Mining And Logistics Limited, Assaad Yazbeck and Joseph Yazbeck for AUD 35.7 million. PRM Services LLC made an offer to acquire remaining 88.54% stake in Sierra Rutile Holdings Limited (ASX:SRX) from Samuel Terry Absolute Return Fund managed by Samuel Terry Asset Management Pty Ltd, Perpetual Limited (ASX:PPT), Ecsson Investments Limited, Rockbridge Overseas Limited, Mano Mining And Logistics Limited, Assaad Yazbeck and Joseph Yazbeck for AUD 35.7 million on March 20, 2023. PRM has offered to acquire all the shares of Sierra at AUD 0.095 per share. PRM already holds 11.46% of SRX Shares. The transaction will be funded from existing cash reserves held by PRM. Sierra Rutile Holdings Limited has recommended to take no action in relation to the on-market takeover offer. The Board of Sierra will consider the Offer and the Bidder's Statement and provide a recommendation to Sierra Rutile shareholders in due course. The deal is expected to close on May 5, 2024. Gadens is acting as the legal advisor to PRM Services LLC. Annuncio • Mar 09
Sierra Rutile Holdings Limited, Annual General Meeting, May 23, 2024 Sierra Rutile Holdings Limited, Annual General Meeting, May 23, 2024, at 14:00 W. Australia Standard Time. Annuncio • Dec 14
Sierra Rutile Holdings Limited Revises Production Guidance for the Year 2023 Sierra Rutile Holdings Limited revised production guidance for the year 2023. For the year, the company expects production of 111kt to 113kt of rutile. Annuncio • Sep 01
Sierra Rutile Holdings Limited Appoints Patrick O'Connor as an Independent Non-Executive Director Sierra Rutile Holdings Limited announced the appointment of Mr. Patrick O'Connor as an independent Non-Executive Director of the Company. Mr. O'Connor is an experienced non-executive director and resources senior executive across a wide range of industries, including mining (gold, copper, lead, zinc, tin and coal), oil & gas exploration, biotechnology and government utilities. He is currently the Non-Executive Chairman of FAR Limited and a Non-Executive Director of Metals X Limited. Mr. O'Connor was previously a Non-Executive Director of Stanmore Coal Ltd. In addition, he has held the roles of Deputy Chairman and Chairman of Perilya Ltd, the operator of the BrokenHill mine in NSW Australia, prior to its $250 million plus takeover. Mr. O'Connor spent nine years as a director of the Water Corporation in WA, including four years as its chairman. Mr. O'Connor was also the Chief Executive Officer for OceanaGold Corporation at the time of its listing on the ASX and served for a period as a Non-Executive Director. Prior to OceanaGold, Mr. O'Connor was Managing Director of Macraes Mining Co Ltd. for nine years. Mr. O'Connoris a Fellow of the Australian Institute of Company Directors and holds a Bachelor of Commerce (Accounting). Annuncio • Aug 24
Sierra Rutile Holdings Limited Provides Production Guidance for the Year 2023 Sierra Rutile Holdings Limited provided production guidance for the year 2023. For the year, the company expects production of 124 kt to126 kt of rutile. 