Brief: Sacgasco Ltd Announces Philippines Divestment Update

Australian Oil

13/12/2023 01:18

Dec 13 (Reuters) - Sacgasco Ltd  SGC.AX :
    * PHILIPPINES DIVESTMENT UPDATE
    * REACHED AGREEMENT WITH BLUE SKY RESOURCES TO AMEND SHARE
PURCHASE AGREEMENT ENTERED INTO 21 JULY
    * AMENDMENT TO SPA WITH A VIEW TO COMPLETING DIVESTMENT
TRANSACTION UPON SHAREHOLDER APPROVAL
    * GENERAL MEETING OF SGC SHAREHOLDERS ANTICIPATED TO BE HELD
MID-
TO LATE-JANUARY 2024 TO VOTE ON DIVESTMENT OF FILIPINO ENTITIES
    * TRANSACTIONAL DELAYS ENCOUNTERED IN RECENT MONTHS RESULTED
IN CO
AND BLUE SKY REOPENING NEGOTIATIONS TO ENSURE SALE OF ASSETS

Source text for Eikon:  ID:nASXbp3sKn 
Further company coverage:  SGC.AX 

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