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Below are highlights from Banpu's announcement to the Stock Exchange of Thailand
Notification on the announcement of takeover offer for 100% of Hunnu Coal Company Limited
September 12, Banpu Pcl (BANPU:TB) --
· Highly compelling all cash off-market takeover offer of A$1.80 per share for Hunnu Coal Limited
· Share Offer represents a significant premium to Hunnu's recent trading prices
· The Board of Directors of Hunnu has unanimously recommended that Hunnu shareholders accept Banpu's Share Offer, in the absence of a superior proposal
· A takeover offer for all Hunnu options will also be made subject to obtaining regulatory modifications and consents
· The Board of Directors of Hunnu has unanimously recommended that Hunnu optionholders accept Banpu's Option Offer, in the absence of a superior proposal
· Banpu currently owns approximately 12% of Hunnu shares (Based on 246.1 million unrestricted and restricted ordinary Hunnu shares.)
· Banpu's Offers value Hunnu's fully diluted equity at A$477 million (Based on 246.1 million unrestricted and restricted ordinary Hunnu shares and 28.3 million Hunnu options outstanding.)
"Mogi" Munkhdul Badral
Senior Client Manager / Executive Director
CPS International LLC
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