Brief: DDH1 Ltd Says Co And Swick Mining Services Entered Into A Binding Scheme Implementation Agreement

DDH1

22/10/2021 02:08

Oct 22 (Reuters) - DDH1 Ltd  DDH.AX :
    * DDH1 AND SWICK MINING SERVICES ENTERED INTO A BINDING
SCHEME
IMPLEMENTATION AGREEMENT
    * AGREED TO ACQUIRE ALL OF SHARES OF SWICK VIA A SCHEME OF
ARRANGEMENT
    * SWICK SHAREHOLDERS WILL RECEIVE 0.2970 NEW DDH1 SHARES FOR
EACH
SWICK SHARE HELD ON RECORD DATE
    * DEAL REPRESENTS AN IMPLIED EQUITY VALUE OF A$0.35 PER
SWICK
SHARE
    * DIRECTORS OF SWICK UNANIMOUSLY RECOMMENDED THAT SWICK
SHAREHOLDERS VOTE IN FAVOUR OF SCHEME
    * DEAL REPRESENTS AN IMPLIED ENTERPRISE VALUE OF A$115
MILLION

Source text for Eikon:  urn:newsml:reuters.com:*:nASX1c58xt
Further company coverage:  DDH.AX 

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