Immediately prior to the Private Placement, ARM held no Surge Shares or other securities of Surge. Upon closing of the Private Placement, ARM owns 41,373,414 Surge Shares (the “Purchased Shares”), representing approximately 15.0% of the issued and outstanding Surge Shares on a non-diluted basis.
ARM acquired the Purchased Shares for investment purposes. ARM may from time to time acquire additional Surge Shares or other securities of Surge or dispose of some or all of the Surge Shares or other securities of Surge that it owns at such time.
An early warning report will be filed by ARM in accordance with applicable securities laws.
About ARM
ARM is a South African diversified mining and minerals company with operations in
ARM’s head office is located at
For further information, or to obtain a copy of the early warning report filed by ARM in accordance with applicable securities laws, please contact:
Title: Executive: Investor Relations and New Business Development Email: thabang.thlaku@arm.co.za Telephone: +27 11 779 1300 |
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