Brief: Lithium Power International Says Codelco Will Acquire 100% Of Share Capital Of Co

Lithium Power International

18/10/2023 02:19

Oct 18 (Reuters) - Lithium Power International Ltd
 LPI.AX :
    * LPI ENTERS INTO BINDING SCHEME IMPLEMENTATION DEED WITH
CODELCO
FOR ALL-CASH A$0.57 PER LPI SHARE ACQUISITION
    * UNDER DEED, CODELCO WILL ACQUIRE 100% OF SHARE CAPITAL OF
LPI BY
WAY OF A SCHEME OF ARRANGEMENT
    * CONSIDERATION PAYABLE UNDER SCHEME IMPLIES A FULLY DILUTED
EQUITY VALUE FOR LPI OF A$385 MILLION
    * LPI BOARD UNANIMOUSLY RECOMMENDS THAT LPI SHAREHOLDERS
VOTE IN
FAVOUR OF SCHEME

Source text for Eikon:  ID:nASX5FM78w 
Further company coverage:  LPI.AX 

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