PDI Announces Amended Arrangement Agreement with Robex
| Stock | Predictive Discovery Ltd (PDI.ASX) |
|---|---|
| Release Time | 11 Dec 2025, 9:56 a.m. |
| Price Sensitive | Yes |
PDI Announces Amended Arrangement Agreement with Robex
- Amended exchange ratio of 7.862 PDI shares for each Robex share, resulting in 53.5% and 46.5% ownership of the combined company by PDI and Robex shareholders, respectively
- The previously announced acquisition proposal by Perseus is no longer considered a Superior Proposal
- Robex shareholders, directors and officers representing ~23.8% of Robex shares have entered into amended voting support agreements
Predictive Discovery Limited ('PDI') announces an amendment to the arrangement agreement with Robex Resources Inc. ('Robex'). Under the amended agreement, PDI will acquire all of the issued and outstanding Robex shares in exchange for 7.862 PDI shares per Robex share, resulting in 53.5% and 46.5% ownership of the combined company by PDI and Robex shareholders, respectively. The Board of Directors of PDI has unanimously determined that the amended transaction is in the best interests of the Company, as it offers greater medium to long-term value for PDI shareholders and enhanced transaction execution certainty with clear support from several major PDI shareholders. Robex shareholders, directors and officers representing approximately 23.8% of the Robex shares have entered into amended voting support agreements to vote in favor of the transaction. The previously announced acquisition proposal by Perseus Mining Limited is no longer considered a Superior Proposal, as the PDI-Robex combination provides a better outcome for PDI shareholders. The combined company is expected to become one of West Africa's leading gold producers, with significant cash flows, a strengthened management team, and potential for meaningful upside.
The combined company is expected to have +400kozpa Au of production by 2029, combined Mineral Resources of approximately 9.5Moz Au and combined Ore Reserves of approximately 4.5Moz Au.
The combined company is expected to leverage cash flows from the Kiniero Project to fund development of the Bankan Project, creating a tier-1 mining hub with potential for meaningful upside. The greater scale and multi-asset nature of the combined company is expected to enhance its capital markets presence and positioning for a potential share price re-rate.