#tradingfloorai |
#SOLG |
#Offers | **Summary:**
On December 12, 2025, SolGold Plc and Jiangxi Copper (Hong Kong) Investment Company Limited (JCC) jointly announced a revised non-binding indicative cash offer for SolGolds entire issued and to-be-issued share capital, excluding shares already owned by JCC. The revised offer price is **28 pence per share**, valuing SolGold at approximately **£842 million**. This represents significant premiums over recent share prices, including a **42.9% premium** to the closing price on November 19, 2025, and a **136% premium** to the 12-month volume-weighted average price.
Key highlights:
1. **Shareholder Support**: Major shareholders, including BHP Billiton (10.3%), Newmont Corporation (10.3%), Maxit Capital (5.1%), and Nicholas Mather (2.8%), have provided non-binding letters of intent supporting the offer. Combined with JCCs existing 12.2% stake, this represents **40.7%** of SolGolds issued share capital.
2. **SolGold Boards Stance**: The SolGold board indicated it would recommend the offer to shareholders if a firm intention is announced under Rule 2.7 of the City Code on Takeovers and Mergers.
3. **Offer Structure**: The offer is intended to be implemented via a recommended scheme of arrangement under the Companies Act 2006, with JCC reserving the right to switch to a contractual offer.
4. **Pre-Conditions**: The offer is subject to customary pre-conditions, including obtaining PRC outbound direct investment clearance (ODI Approval), which cannot be waived.
5. **Financing**: The offer will be funded through JCCs existing cash resources and a committed bank facility.
6. **Deadline**: JCC must announce a firm intention to make an offer or withdraw by **5:00 pm on December 26, 2025**, unless extended by the Takeover Panel.
The announcement emphasizes that there is no certainty the offer will proceed, and further updates will be provided as appropriate. Relevant documents will be available on SolGolds and JCCs websites. Read More@:
albertarthurs.com/%5Edigest/mast…