Company News

Notice of change of interests of substantial holder: 21 January 2019 GEAR, Golding Investments, GEAR Entities, Ascend Entities

Notice of change of interests of substantial holder: GEAR, Golden Investments, GEAR Entities, Ascend Entities

• 10 Dec 2018, 13 Dec 2018, 14 Dec 2018
  17 Dec 2018, 18 Dec 2018, 21 Dec 2018
  24 Dec 2018, 27 Dec 2018, 28 Dec 2018
  31 Dec 2018

• 4 Jan 2019, 7 Jan 2019, 9 Jan 2019
  10 Jan 2019, 16 Jan 2019, 17 Jan 2019 

Notice of change of interests of substantial holder: 18 January 2019 GEAR, Golden Investments, GEAR Entities, Ascend Entities

Chairman's letter to shareholders

I am writing to update you on the unsolicited and inadequate takeover offer from Golden Investments.

On 15 January 2019, Golden Investments declared its Offer unconditional and confirmed that there will be no increase in the Offer Price or extension to the Offer Period (which closes next Tuesday, 22 January 2019).  REJECT THE OFFER

The Board reiterates its unanimous recommendation that Stanmore Coal shareholders should REJECT the Offer and TAKE NO ACTION.

The Offer is clearly inadequate and does not reflect Stanmore’s strong operating performance, portfolio of high-quality development projects and positive outlook. The Offer substantially undervalues Stanmore shares...

The Board of Stanmore Coal Limited is pleased to announce as part of its capital management strategy that it is declaring a fully franked interim Dividend of 3 cps and intends to implement an on-market share buy-back (“buy-back”) for up to 10% of the Company’s fully paid ordinary shares (25.3 million shares.)