Brief: Orecorp And Silvercorp Agree Increased Scheme Consideration

Orecorp

23/11/2023 01:31

Nov 23 (Reuters) - Orecorp Ltd  ORR.AX :
    * SILVERCORP AND ORECORP AGREE INCREASED SCHEME
CONSIDERATION
    * SILVERCORP AND ORECORP HAVE AMENDED SCHEME IMPLEMENTATION
DEED
DATED 5 AUGUST
    * AMENDED SCHEME IMPLEMENTATION DEED TO INCREASE CASH
CONSIDERATION FROM A$0.15 TO A$0.19
    * UNANIMOUSLY RECOMMEND THAT ORECORP SHAREHOLDERS VOTE IN
FAVOUR
OF REVISED SCHEME
    * UNDER AMENDED DEED, RETAINING SCRIP CONSIDERATION OF
0.0967 OF A
SILVERCORP COMMON SHARE FOR EACH ORECORP SHARE

Source text for Eikon:  ID:nASXbYFYpB 
Further company coverage:  ORR.AX 

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