BRIEF-Ganfeng Lithium Says Unit Entered Equity Collar Transaction Agreement

Reuters10-07

Oct 7 (Reuters) - Ganfeng Lithium Group Co Ltd

* UNIT ENTERED EQUITY COLLAR TRANSACTION AGREEMENT WITH MORGAN STANLEY CO. INTERNATIONAL & MERRILL LYNCH INTERNATIONAL ON OCT 2

* DEAL TO CONDUCT EQUITY COLLAR TRANSACTION IN ORDER TO PROTECT SHARE VALUE OF PILBARA SHARES HELD BY COMPANY

* UNIT PLEDGES 105.4 MILLION SHARES OF PILBARA MINERALS TO MORGAN STANLEY AND BANK OF AMERICA

* MORGAN STANLEY AND BANK OF AMERICA WILL MAKE AN UPFRONT PAYMENT TO UNIT OF AROUND AUD 260 MILLION

Further company coverage:

((Reuters.Briefs@thomsonreuters.com;))

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