Brief: Lotus Resources Enters Scheme Of Arrangement With A-Cap Energy

A-Cap Energy

13/07/2023 01:09

July 13 (Reuters) - Lotus Resources Ltd  LOT.AX :
    * SCHEME OF ARRANGEMENT WITH A-CAP ENERGY
    * LOTUS WILL ACQUIRE 100% OF A-CAP SHARES ON ISSUE
    * MERGER TRANSACTION IMPLIES AN OFFER PRICE OF APPROXIMATELY
A$0.0521 PER A-CAP SHARE
    * UPON IMPLEMENTATION LOTUS SHAREHOLDERS WILL HOLD
APPROXIMATELY
79.0% OF MERGED GROUP
    * A-CAP'S BOARD UNANIMOUSLY SUPPORT SHARE SCHEME
    * MERGER WILL CREATE A LEADING AFRICAN-FOCUSED URANIUM
PLAYER
    * MERGER WILL CREATE A LEADING AFRICAN-FOCUSED URANIUM
PLAYER
KAYELEKERA
    * UNDER TERMS OF SHARE SCHEME, EACH A-CAP SHAREHOLDER WILL
RECEIVE
1 NEW LOTUS SHARE FOR EVERY 3.54 A-CAP SHARES
    * SINGAPORE SHENKE INTERNATIONAL INVESTMENT INTENDS TO VOTE
ALL
A-CAP SHARES HELD BY IT IN FAVOUR OF SHARE SCHEME

Source text for Eikon:  ID:nASXc7wfjK 
Further company coverage:  LOT.AX 

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