Friday, 4 September 2015
MARKET ANNOUNCEMENT
Takeover Bid for Strike Resources - Offer Period
Closed - Offers Now Unconditional
Bentley Capital Limited's (ASX: BEL) (Bentley) off-market takeover bid (Bid) for Strike
Resources Limited (ASX: SRK) (Strike) closed at 5:00pm (Perth time) on Wednesday, 2
September 2015 (End of Offer Period).
The remaining defeating condition to which the Bid was subject1 - that no Prescribed
Occurrence2 occurs before the End of Offer Period3 - was not triggered.
As a result, offers made by Bentley to purchase Strike shares (Offers) which were accepted by Strike shareholders in accordance with the Bidder's Statement4 became unconditional at the End of Offer Period.
Bentley will now complete the purchase of all Strike shares for which it received acceptances - being 52,553,493 shares (36.16% relevant interest).5
Each Strike shareholder who accepted their Offer will be paid their Offer Consideration of 5.5 cents cash for each Strike share included within their acceptance, in accordance with the timetable outlined in the Bidder's Statement.6
FOR FURTHER INFORMATION:
Victor Ho
Company Secretary
T | 08 9214 9757
E | [email protected]
1 Refer Bentley's ASX Announcement dated 26 August 2015: Takeover Bid For Strike Resources -Offer Declared Free Of Defeating
Conditions Except Prescribed Occurrences
2 A "Prescribed Occurrence" is defined in the Bidder's Statementas an event or circumstance of the kind referred to in section 652Cof the
Corporations Act 2001 (Cth)
3 Being the condition in Section 8.7(g) of Bentley's Bidder's Statement
4 Refer Bentley's ASX Announcement dated 31 July 2015: Despatch of Bidders Statement to Holders of Strike Resources Limited
5 Bentley's 3 September 2015: Notice of Change in Interests of Substantial Holderdisclosed a relevant interest in 45,096,696 shares (31.030%). This was based on acceptances received, processed and advised by the Share Registry on 2 September 2015. The Share Registry has advised on 3 September that they have processed additional acceptances received on 2 September and accordingly, Bentley's relevant interest in Strike shares has increased to 52,553,493 shares (36.16%).
6 Refer Section 8.13 (Payment of Consideration) of Bentley's Bidder's Statement
www.bel.com.au
BENTLEY CAPITAL LIMITED A.B.N. 87 008 108 218
Level 2, 23 Ventnor Avenue, West Perth, Western Australia 6005
ASX Code: BEL T | (08) 9214 9757 F | (08) 9214 9701 E | [email protected]