European Metals Holdings Ltd (LON:EMH)(ASX:EMH) has advised shareholders to seek their own financial advice immediately in regard to an apparent tender offer for the company’s shares by Krupa Global Investments, České Lithium and partners.
The tender is reported to be a voluntary offer to all shareholders in EMH for the acquisition of 29.9% of the company’s shares at a price of 15.5p in cash.
EMH has been informed by Krupa that it has made its tender offer announcement through certain media outlets, but so far as EMH is aware, Krupa has not made any announcement through a regulated information service such as RNS, nor to ASX, nor has it published any tender offer document containing detailed terms and conditions.
The purported tender offer has been made unilaterally by Krupa and its associates and without prior consultation with EMH.
European Metals Holdings has a major stake in the Cinovec lithium deposit in the Czech Republic. Cinovec is the largest hard rock lithium deposit in Europe, the fourth largest non-brine deposit in the world and a globally significant tin resource.