ASX Market Announcements
ASX Limited
20 Bridge Street
Sydney NSW 2000
11 July 2014
Dominic D Smith
Vice President & Company Secretary
Aurizon Holdings Limited
ABN 14 146 335 622
T +61 7 3019 9000
F +61 7 3019 2188
E CompanySecretary@aurizon.com.au
W aurizon.com.au
Level 17, 175 Eagle Street
Brisbane QLD 4000
GPO Box 456
Brisbane QLD 4001
Joint off-market bid for Aquila Resources Limited - Bidders obtain control of Aquila Board
Please find attached announcement for immediate release to the market. Yours faithfully
Dominic D Smith
VP & Company Secretary
We refer to the joint takeover offer by Baosteel Resources Australia Pty Ltd (ABN 66 154 815 362) and Aurizon Operations Limited (ABN 47 564 947 264) (together, the Bidders) to acquire 100% of the ordinary shares in Aquila Resources Limited (ABN 81 092 002 769) (Aquila) that they do not already own for A$3.40 per share (the Offer), as set out in their bidders' statement (as supplemented) dated 14 May 2014.
The Bidders are pleased to announce that as of 5.00pm (Sydney time) today, the board of Aquila was restructured so that a majority of the board positions are held by representatives of the Bidders. The Aquila board now comprises Mr Qingyu Li, Mr Qinghua Zhou, Ms Yiming Wu and Mr Michael Carter (being the Bidders' nominees), and Mr Tim Netscher and Mr Steven Scudamore (being independent directors).
Mr Li was appointed as the Chairman of the board, and Mr Zhou was appointed as the Chief Executive
Officer.
The Bidders recommend that Aquila shareholders ACCEPT the Offer as soon as possible. Shareholders will be paid (by their cheques being dispatched) within 5 business days of their valid acceptance being processed.
The Offer is scheduled to close at 7.00pm (Sydney time) on 25 July 2014 (unless further extended).
Ms Yiming Wu
Director
Baosteel Resources Australia Pty Limited
ABN 66 154 815 362
Registered office
Level 20, Allendale Square
77 St Georges Terrace
Perth W A 6000
AUSTRALIA
Mr Dominic D Smith
Director
Aurizon Operations Limited
ABN 47 564 947 264
Registered office
Level 17
175 Eagle Street
Brisbane QLD 4001
AUSTRALIA
ENDS
For further information regarding the Offer, please contact the Bidders' advisers:
Financial adviser (Baosteel):
Damian Pearson
Deutsche Bank
Tel: +61 420 987 851
Financial adviser (Aurizon):
Paul Glasson
Satori Investments
Tel: +61 409 354 109
Media Enquiries: Mark Hairsine Aurizon
Tel: 0418 877 574
Aquila Shareholder Enquiries:
Offer Information Line:
Within Australia (toll-free): 1300 309 589
Outside Australia: +61 2 8022 7902
Offer W ebsite: www.aquilaoffer.com.au
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