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Introduction
On 23 May 2011 Territory Resources (“Territory”) and Exxaro Resources (“Exxaro”) executed a Bid Implementation Agreement (BIA) under which Exxaro will acquire up to 100% of the fully paid ordinary shares in Territory by the way of an off-market takeover bid (the “Offer”).
View/Download - Introduction [10KB]
Bidder’s Statement
This Bidder’s Statement is given by Exxaro Australia Iron Investments Pty Ltd ACN 151 112 524 (Exxaro Iron), a wholly owned Subsidiary of Exxaro Resources Limited (Exxaro), to Territory Resources Limited (Territory) under Part 6.5 of the Corporations Act and sets out certain disclosures required by the Corporations Act, together with the terms of the Offer to acquire your Territory Shares.
View/Download - Bidder's Statement [806KB]
Letter to Shareholders
Exxaro is pleased to enclose an offer (Offer) from Exxaro Australia Iron Investments Pty Ltd ACN 151 112 524, (Exxaro Iron) a wholly owned Subsidiary of Exxaro Resources Limited (Exxaro), to acquire all your shares in Territory Resources Limited (Territory) for A$0.46 cash per share.
View/Download - Letter to Shareholders [586KB]
Why Territory shareholders should accept
• The offer is recommended by a majority of the Territory board.
• Exxaro iron is offering you a substantial premium for your Territory shares.
• The offer consideration exceeds the highest closing price of Territory shares in the
24 months prior to the announcement of the offer.
• The Territory share price may fall if the offer is unsuccessful.
• The offer is a simple cash offer which provides certain value for your Territory shares while removing
your exposure to the risks associated with a continued holding in Territory.
• The offer represents the best offer for your Territory shares.
View/Download - Why Territory shareholders should accept [142KB]
Exxaro cash offer to Territory Resources Limited
Introduction
On 23 May 2011 Territory Resources (“Territory”) and Exxaro Resources (“Exxaro”) executed a Bid Implementation Agreement (BIA) under which Exxaro will acquire up to 100% of the fully paid ordinary shares in Territory by the way of an off-market takeover bid (the “Offer”).
View/Download - Introduction [10KB]
Bidder’s Statement
This Bidder’s Statement is given by Exxaro Australia Iron Investments Pty Ltd ACN 151 112 524 (Exxaro Iron), a wholly owned Subsidiary of Exxaro Resources Limited (Exxaro), to Territory Resources Limited (Territory) under Part 6.5 of the Corporations Act and sets out certain disclosures required by the Corporations Act, together with the terms of the Offer to acquire your Territory Shares.
View/Download - Bidder's Statement [806KB]
Letter to Shareholders
Exxaro is pleased to enclose an offer (Offer) from Exxaro Australia Iron Investments Pty Ltd ACN 151 112 524, (Exxaro Iron) a wholly owned Subsidiary of Exxaro Resources Limited (Exxaro), to acquire all your shares in Territory Resources Limited (Territory) for A$0.46 cash per share.
View/Download - Letter to Shareholders [586KB]
Why Territory shareholders should accept
• The offer is recommended by a majority of the Territory board.
• Exxaro iron is offering you a substantial premium for your Territory shares.
• The offer consideration exceeds the highest closing price of Territory shares in the
24 months prior to the announcement of the offer.
• The Territory share price may fall if the offer is unsuccessful.
• The offer is a simple cash offer which provides certain value for your Territory shares while removing
your exposure to the risks associated with a continued holding in Territory.
• The offer represents the best offer for your Territory shares.
View/Download - Why Territory shareholders should accept [142KB]
FAQ
Frequently asked questions
View/Download - FAQ [70KB]
News releases
Territory Resources Ltd recommends A$0.46 cash per share takeover offer by Exxaro Resources Ltd
(23 May 2011)
Exxaro cash offer to Territory Resources Limited (“Territory”) shareholders of A$0.46 per share
(23 May 2011)
Recommended Exxaro cash offer for Territory now open for acceptance
(6 June 2011)
Statement regarding Noble offer
(9 June 2011)
Exxaro confirms no increase in offer for Territory
(23 June 2011)
Exxaro confirms Territory offer now closed, all acceptances released
(5 July 2011)
Publications
Listing particulars Annual Report 2005 Directors' Remuneration Report Presentations Webcast: audited results 2005Related links
Annual report Financial archive Share data Shareholder information Analyst and broker information Listing documentation IR contacts
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