Announcement • Jun 08
Tietto Minerals Shares to Be Removed from ASX At Trading Close on 6 June Zhaojin Mining Industry Co Ltd. updated on takeover bid for entire share capital of Tietto Minerals Limited. Tietto Minerals shares ceased trading on ASX on June 03, 2024 and will be removed from official list of ASX at close of Trading on June 06, 2024. Announcement • May 16
Sparky International Company Limited completed the acquisition of 90.72% stake in Tietto Minerals Limited (ASX:TIE) from Chijin International (HK) Limited and others. Sparky International Company Limited made an offer to acquire 92% stake in Tietto Minerals Limited (ASX:TIE) from Chijin International (HK) Limited and others for AUD730 million on October 29, 2023. Zhaojin Capital is also pleased to announce that it will increase the consideration offered under the Offer from AUD0.58 to AUD0.68. The Offer is conditional upon a 50.1% minimum acceptance condition. It is also subject to a number of other conditions, including Chinese regulatory approvals from the NDRC, MOFCOM and SAFE having been obtained, and approval from the Ministry of Mines, Petroleum and Energy of Côte d'Ivoire having been obtained. Zhaojin Capital is pleased to confirm that it has received all of the Chinese regulatory approvals in respect of the Offer. The cash consideration payable under the Offer will be obtained by Zhaojin Capital from the internal cash reserves of Zhaojin Mining Industry. As of April 24, 2024, the offer has become unconditional. Tietto Directors consider that the risks associated with continuing to hold Tietto shares outweigh the advantages of continuing to hold Tietto shares. Transaction is expected to complete on May 2, 2024. The offer is scheduled to close on May 14, 2024.The Board has appointed Barrenjoey and Corrs Chambers Westgarth as financial and legal advisers to help them consider the Indicative Proposal. Standard Chartered Bank (Hong Kong) Limited as financial advisor, Computershare Investor Services Pty Limited as share registrar and Herbert Smith Freehills as legal advisor to Sparky International Company Limited.Sparky International Company Limited completed the acquisition of 90.72% stake in Tietto Minerals Limited (ASX:TIE) from Chijin International (HK) Limited and others on May 12, 2024. Recent Insider Transactions • May 04
Non-Executive Chairman recently sold AU$9.8m worth of stock On the 1st of May, Francis Robert Harper sold around 15m shares on-market at roughly AU$0.67 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Francis Robert has been a net seller over the last 12 months, reducing personal holdings by AU$10m. 
