Golden Investments (Australia) Pte Ltd, a company owned by Golden Energy and Resources Limited (“GEAR”) and Ascend Global Investment Fund SPC, announced an unsolicited, conditional takeover offer for the Company on 19 November 2018. The Board has advised shareholders of its view that the takeover offer significantly undervalues the shares in Stanmore and has recommended that shareholders reject the offer.

 If you have any questions in relation to the Offer, you can contact the Stanmore Coal Information Line on 1300 970 086 (within Australia) or +61 1300 970 086 (outside Australia). The Information Line will operate Monday to Friday between 8.30am and 5.30pm (Australian Eastern Daylight Time).

Takeover Offer

Chairman's letter

Chairman's letter responding to Golden Investments latest Bidder's Statement

18th January 2019

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.

Supplementary Target's Statement

Supplementary Target's Statement No. 2

21st December 2018

As required by s647(3) of the Corporations Act 2001 (Cth), we enclose a copy of the second Supplementary Target's Statement dated 21 December 2018 and served today by Stanmore Coal Limited (Stanmore) on Golden Investments (Australia) Pte. Ltd (Golden Investments), supplementing Stanmore's Target's Statement dated 12 December 2018 and Stanmore's first Supplementary Target's Statement dated 21 December 2018 in response to Golden Investments' Bidder's Statement dated 19 November 2018 as supplemented by the Supplementary Bidder's Statement dated 14 December 2018.

Release of Target's Statement

Release of Target's Statement

12th December 2018

INDEPENDENT EXPERT CONCLUDES OFFER IS NOT FAIR AND NOT REASONABLE

Stanmore Coal has released a Target’s Statement in response to the unsolicited, conditional off-market takeover offer from Golden Investments (Australia) Pte. Ltd. The Independent Expert, BDO Corporate Finance (QLD) Ltd estimates the controlling interest value for Stanmore shares is between $1.48 and $1.90 and has concluded that the Offer is not fair and not reasonable to Stanmore shareholders. The Stanmore Directors recommend that shareholders reject the Offer, on the basis it significantly undervalues the Company’s shares...