Colombian Stock Exchange Trading Suspended Amid Competing Tender Offer for Mineros Shares

On February 24, 2025, the Colombian Superintendent of Finance (SFC) announced a halt in trading for Mineros S.A. shares on the Colombia Stock Exchange (BVC) due to a competing public tender offer. This decision comes as the company faces a new acquisition bid, raising significant interest in the market.<\/p>

• Trading of Mineros shares on the BVC is suspended until further notice.<\/li>
• A competing public tender offer has been submitted to acquire up to 9% of Mineros shares.<\/li>
• The offer price is set at Colombian peso $4,835 per share, approximately CAD$1.69.<\/li>
• The suspension of trading is in accordance with Colombian laws regulating public tender offers.<\/li><\/ul>

Mineros S.A. is a prominent gold mining company based in Medellin, Colombia. With nearly 50 years of operation, the company has established a diversified asset base, including low-cost mines in Colombia and Nicaragua. Mineros is known for its commitment to safety and sustainability, consistently delivering solid annual dividends to its shareholders.<\/p>

The SFC issued a public notice regarding the competing tender offer, which aims to acquire between 0.00000028% and 9% of the issued and subscribed ordinary shares of Mineros. The offer is contingent upon approval from the SFC, which will review the offeror’s compliance with applicable regulations.<\/p>

• Offer Price<\/strong>: Colombian peso $4,835 per share (approx. CAD$1.69)<\/li>
• Percentage of Shares Offered<\/strong>: Between 0.00000028% and 9%<\/li>
• Payment Options<\/strong>: Cash in Colombian pesos or U.S. dollars<\/li><\/ul>

The SFC’s approval is crucial for the offer to proceed. The offeror must satisfy several requirements, including:<\/p>

1. Submission of supporting documentation for review.<\/li>
2. Provision of a performance guarantee covering a percentage of the total purchase price.<\/li>
3. Publication of the offer notice at least two business days before the acceptance deadline for the previous tender offer initiated by Sun Valley Investments A.G.<\/li><\/ol>

Once the first notice of the competing offer is published, any acceptances of the previous offer will automatically be considered as acceptances of the new offer.<\/p>

The suspension of trading on the BVC reflects the regulatory framework governing public tender offers in Colombia. Investors and market analysts are closely monitoring the situation, as the outcome of this competing offer could significantly impact Mineros’ stock performance and overall market sentiment.<\/p>

As the situation develops, stakeholders are advised to stay informed about the SFC’s decisions and any further announcements from Mineros regarding the tender offer and trading status on the BVC.<\/p>

• Colombian Superintendent of Finance Issues Notice of a Competing Public Tender Offer for Mineros Shares, Halts Trading on Colombia Stock Exchange | Business Wire<\/a>, Business Wire.<\/li><\/ul>