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RENERGEN:  1,375   -24 (-1.72%)  01/01/1970 00:00

RENERGEN LIMITED - Offer for Renergen by ASPI - Proactive extension of fulfilment of outstanding offer conditions

Release Date: 15/09/2025 17:45
Code(s): REN ISO     PDF:  
Wrap Text
Offer for Renergen by ASPI - Proactive extension of fulfilment of outstanding offer conditions

RENERGEN LIMITED                                               ASP ISOTOPES INC.
(Incorporated in the Republic of South Africa)                 (Incorporated in the State of Delaware,
(Registration number 2014/195093/06)                           United States of America)                                    
JSE and A2X Share code: REN                                    (Delaware file number 6228898)
ISIN: ZAE000202610                                             Ticker Symbol: NASDAQ: ASPI   
LEI:378900B1512179F35A69                                       ISIN: US00218A1051 
Australian Business Number (ABN): 93 998 352 675               LEI: 6488WHV94BZ496OZ3219                      
ASX Share code: RLT                                            JSE Share Code: ISO
("Renergen")                                                   ("ASPI")                           
 
                                                                             
                 
                                                                     
                                                                               
                     
OFFER FOR RENERGEN BY ASPI – SCHEME OF ARRANGEMENT - PROACTIVE EXTENSION OF
FULFILMENT OF OUTSTANDING OFFER CONDITIONS


Renergen and ASPI remain fully committed to the Scheme and are still optimistic that the remaining Offer
Conditions can be met by 30 September 2025, as provided for in the Circular.

However, it is not unusual for the fulfilment of conditions for a transaction of this nature to require additional time
when regulatory or 3rd party approvals are required as these are out of the control of both ASPI and Renergen.

Key milestone transaction approvals have already been received, including the approval from the Competition
Commission which has paved the way for the two companies to plan integration processes and begin
collaborating, as detailed in the Renergen SENS released on 14th August 2025.

Whilst the parties remain optimistic that the remaining Conditions should be fulfilled (or, where applicable, waived)
before 30 September 2025, as originally envisaged in paragraph 5.2.4 of the Circular, ASPI has deemed it
prudent to proactively extended the deadline for the fulfilment of the outstanding Conditions, from
30 September 2025 to 28 November 2025, in accordance with paragraph 5.2.5 of the Circular.

Both Renergen and ASPI are fully engaged in working together to receive the required approvals as quickly as
possible.

Once the various Conditions have been met (or if applicable waived), Renergen and ASPI will announce the
updated salient dates and times for the Scheme on SENS and on the ASX.

INDEPENDENT BOARD RESPONSIBILITY STATEMENT

The Independent Board of Renergen accepts responsibility for the information contained in this announcement
which relates to Renergen and confirms that, to the best of its knowledge and belief, such information which
relates to Renergen is true, and this announcement does not omit anything likely to affect the importance of
such information.

ASPI BOARD RESPONSIBILITY STATEMENT

The board of directors of ASPI accepts responsibility for the information contained in this announcement which
relates to ASPI and confirms that, to the best of its knowledge and belief, such information which relates to ASPI
is true and this announcement does not omit anything likely to affect the importance of such information.


Note: Unless expressly defined otherwise, capitalised terms appearing above have the same meaning given to
them in the combined circular distributed to Renergen Shareholders on 12 June 2025 ("Circular").
Johannesburg

15 September 2025

Transaction and Designated Advisor to Renergen
PSG Capital

Corporate Advisor and Sponsor to ASPI
Valeo Capital

Date: 15-09-2025 05:45:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
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indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.