Brief: Deep Yellow And Vimy Agree To A Proposed A$658 Million Merger

DEEP YELLOW

31/03/2022 02:46

March 31 (Reuters) - Deep Yellow Ltd  DYL.AX :
    * DEEP YELLOW LTD - DEEP YELLOW AND VIMY AGREE TO A PROPOSED
A$658
MILLION MERGER TO CREATE A NEW GLOBAL URANIUM PLAYER
    * DEEP YELLOW LTD - VIMY SHAREHOLDERS WILL RECEIVE 0.294
DEEP
YELLOW SHARES FOR EVERY VIMY SHARE HELD ON SCHEME RECORD DATE
    * DEEP YELLOW LTD - UPON IMPLEMENTATION OF SCHEME, DEEP
YELLOW
SHAREHOLDERS WILL HOLD 53% OF MERGED GROUP
    * DEEP YELLOW LTD - VIMY BOARD UNANIMOUSLY RECOMMENDS THAT
VIMY
SHAREHOLDERS VOTE IN FAVOUR OF SCHEME
    * DEEP YELLOW LTD - BOARD OF MERGED GROUP WILL BE LED BY
DEEP
YELLOW'S MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER, JOHN
BORSHOFF

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