DRA Global Limited (DRA) advises shareholders that it has received an unsolicited expression of interest (EOI) from Apex Capital Partners Limited (ACP), a wholly owned subsidiary of Apex Partners Holdings Proprietary Limited, setting out the terms upon which ACP may be prepared to enter into discussions to make an offer to acquire shares in DRA, which may result in a change of control (the Proposal).
ACP has further advised DRA that it has not formed any intention with respect to the Proposal and nothing in the EOI should be regarded as a proposal or statement of intention to make a takeover bid for the purposes of section 631 of the Corporations Act 2001 (Cth).
At this stage, ACP has merely outlined their interest in meeting to consider the Proposal. The Proposal is not certain, definite or complete and should not be taken as such.
The DRA Board has formed an Independent Board Committee to consider the Proposal from ACP.
Further information will be released by DRA in relation to this matter at the appropriate time. There is no certainty that a control transaction capable of being considered by shareholders will eventuate. DRA shareholders do not need to take any action in relation to the Proposal.
For further information, please email shareholders@draglobal.com
DRA Global Limited (DRA or the Group) is an international multi-disciplinary engineering, project delivery and operations management group, predominantly focused on the mining, minerals and metals industry.
The Group has an extensive track record spanning four decades across a wide range of commodities. Thousands of projects, studies and managed services solutions have been delivered through DRA’s projects business, and its operations and maintenance division currently operate more than a dozen sites.
DRA’s teams have deep expertise in the mining, minerals and metals processing industries, as well as related non-process infrastructure such as, water, and energy solutions. The Group delivers comprehensive advisory, engineering and project delivery services throughout the capital project lifecycle, from concept through to operational readiness and commissioning as well as ongoing operations, maintenance and engineering services; all with a focus on sustainability and assisting clients to achieve their ESG goals.
DRA covers all major mining centres with offices across Africa and the Middle East, North and South America, and Asia-Pacific.