Capitalised terms not defined in this announcement have the meaning given to the same term in the Bidder’s Statement.
Brightstar is pleased to advise that the Offers closed at 5:00pm (Perth time) on Thursday, 30 May 2024, with Brightstar acquiring a relevant interest in 96.75% Linden Shares and 96.81% Linden Options. All of the conditions of the Offers were satisfied during the Offer Period and the contracts resulting from acceptances were declared unconditional by notice given on 22 May 2024.
In accordance with the timing set out in the Bidder’s Statement and subsection 620(2) of the Corporations Act 2001 (Cth), Brightstar will issue the Share Offer Consideration and Option Offer Consideration for the Accepted Linden Shares and Accepted Linden Options by no later than 21 days after the end of the Offer Period, being 20 June 2024.
As announced on 28 May 2024, Brightstar has commenced the compulsory acquisition process for the remaining Linden Shares and Linden Options in respect of which it has not received acceptances under the Offers.1
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