General Announcement::Explanatory Statement and Expert Report

Issuer & Securities

Issuer/ Manager
ALITA RESOURCES LIMITED
Securities
ALITA RESOURCES LIMITED - AU0000031270 - 40F
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
20-Aug-2021 17:19:04
Status
New
Announcement Sub Title
Explanatory Statement and Expert Report
Announcement Reference
SG210820OTHR2J2X
Submitted By (Co./ Ind. Name)
KordaMentha
Designation
Receivers and Managers
Description (Please provide a detailed description of the event in the box below)
The Explanatory Statement has been provided to you by the Deed Administrators to assist you to understand:
- The proposed restructure of Alita, by way of the Parent DOCA, and its effect on you as an existing Shareholder of Alita;
- The 444GA Application that has been made to the Court seeking leave to transfer all of the shares in Alita (including your shares) to Austroid Corporation for nil consideration; and
- The Expert Report prepared by Matthew Donnelly of Deloitte on the value of Alita's shares in support of the 444GA Application.

This Explanatory Statement and the Expert Report will be relied upon by the Deed Administrators for the purpose of the 444GA Application and to obtain ASIC Relief. They have not been reviewed by the Company's sponsor, PrimePartners Corporate Finance Pte. Ltd. ("the Sponsor").

This announcement has not been examined or approved by the Singapore Exchange Securities Trading Limited ("the Exchange") and the Exchange assumes no responsibility for the contents of this document, including the correctness of
any of the statements or opinions made or reports contained in this document.

The contact person for the Sponsor is Ms Foo Jien Jieng, 16 Collyer Quay, #10-00 Income at Raffles, Singapore 049318,
sponsorship@ppcf.com.sg.

Attachments

Explanatory Statement - Alita.pdf
Total size =5277K