Brief: Galilee Energy And Vintage Enter Into Scheme Implementation Deed

Gulf Stream Energy

15/10/2024 02:19

Oct 15 (Reuters) - Galilee Energy Ltd  GLL.AX :
    * GALILEE AND VINTAGE ENTER INTO SCHEME IMPLEMENTATION DEED
    * CO'S SHAREHOLDERS WILL RECEIVE 2 FULLY PAID ORDINARY
SHARES IN
VINTAGE FOR EVERY 1 FULLY PAID ORDINARY SHARE IN CO
    * UPON IMPLEMENTATION OF SCHEME, EXISTING VINTAGE AND CO
SHAREHOLDERS WILL HOLD 60% AND 40% OF MERGED GROUP RESPECTIVELY
    * BOARD RECOMMENDS ALL GALILEE SHAREHOLDERS VOTE IN FAVOUR
OF
SCHEME


Further company coverage:  GLL.AX 

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