REG - Camellia PLC - Result of Tender Offer

Central Asia MetalsAnnouncement

06/06/2025 07:00

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RNS Number : 7048L  Camellia PLC  06 June 2025

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN (TOGETHER THIS
"ANNOUNCEMENT") IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR
DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN, INTO OR FROM THE UNITED STATES OF AMERICA, AUSTRALIA, NEW
ZEALAND, CANADA, THE REPUBLIC OF SOUTH AFRICA, JAPAN, SINGAPORE , SWITZERLAND
OR ANY OTHER JURISDICTION WHERE, OR TO ANY OTHER PERSON TO WHOM, TO DO SO
MIGHT CONSTITUTE A VIOLATION OR BREACH OF ANY APPLICABLE LAW OR REGULATION
(EACH BEING A "RESTRICTED JURISDICTION").

 

Camellia plc

 

("Camellia" or the "Company")

 

6 June 2025

 

Result of Tender Offer & Total Voting Rights

Camellia plc (AIM: CAM) is pleased to announce the result of the Tender
Offer, details of which were set out in the circular published by the Company
on 19 May 2025 (the "Circular").

 

The maximum aggregate number of Ordinary Shares that could be purchased
pursuant to the Tender Offer was 350,000 Ordinary Shares, representing 12.8
per cent. of the Company's issued share capital. The Tender Price was £54.00
per Ordinary Share.

 

In total, 215,084 Ordinary Shares were validly tendered, equal to 7.8 per
cent. of the shares in issue as at 19 May 2025. As the Tender Offer was not
fully subscribed, validly tendered Basic Entitlements and any Individual
Excess Tenders will be satisfied in full.

 

Accordingly, a total of 215,084 Ordinary Shares will therefore be purchased
under the Tender Offer. The total value which will be returned to Shareholders
pursuant to the Tender Offer will be approximately £11,614,536.

 

Payment of the consideration due to Shareholders, whose tenders under the
Tender Offer have been accepted, is expected to be paid by no later than 19
June in respect of shares held in CREST and also by no later than 19 June by
cheque in respect of shares held in certificated form along with balance
certificates in respect of non-tendered shares.

 

 

Total Voting Rights

 

As detailed in the Circular, all Ordinary Shares that were tendered will be
cancelled. Following the conclusion of the Tender Offer, the remaining number
of Ordinary Shares in issue will be 2,590,295. The Company has 62,500 issued
Ordinary Shares which are held by subsidiaries of the Company (the
"Subsidiary-Held Ordinary Shares") and under the Companies Act 2006 no voting
rights are exercisable in respect of these Subsidiary-Held Ordinary Shares
whilst they remain so held. Therefore, the total voting rights in Camellia
will be 2,527,795. This figure for the total number of voting rights may be
used by Shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or a change
to their interest in, the Company under the FCA's Disclosure Guidance and
Transparency Rules.

 

Capitalised terms in this announcement (unless otherwise defined) have the
same meanings as set out in the Circular.

 

The person responsible for arranging the release of this announcement on
behalf of the Company is Oliver Capon, Chief Financial Officer.

 

 Contacts:

 Camellia plc                                     +44 (0) 1622 746 655

 Byron Coombs, Chief Executive Officer

 Oliver Capon, Chief Financial Officer

 Panmure Liberum (Nominated Adviser and Broker)   +44 (0) 20 7886 2500

 Emma Earl / Will Goode / Rupert Dearden

 Equitory Limited (Investor Relations)
 Catherine Miles

 H/Advisers Maitland (Financial PR)               +44 (0) 7785 292617

 William Clutterbuck

 

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