Media Releases › Flinders Mines View All Flinders Mines News TIO announces improved takeover offer – Flinders board recommends shareholders accept 09 May 2016 10:16 AM Highlights TIO announces improved all-cash unconditional takeover offer of $0.025 (2 and a half cents) cash per Flinders Share (Improved Offer Price). The Flinders Board unanimously recommends that Flinders Shareholders ACCEPT the improved offer, in the absence of a Superior Proposal. The Improved Offer Price represents a significant premium of 213% to the closing price and the VWAPs of Flinders Shares before TIO announced its initial takeover offer on 17 March 2016. The Improved Offer Price is best and final and will not be increased, in the absence of an alternative proposal or competing proposal from a third party. The Improved Offer Price is also 92% higher than TIO’s Initial Offer price and values Flinders at $73.8 million. The Improved Offer Price provides compelling value, certainty and prompt payment for Flinders Shareholders. The improved offer will close at 7.00pm (Sydney time) on 6 June 2016 (unless extended or withdrawn). For further information, please download pdf: Download this document