Brief: Senex Energy Receives Improved Proposal From POSCO

Posco International

07/11/2021 22:02

Nov 8 (Reuters) - Senex Energy Ltd  SXY.AX :
    * HAS RECEIVED AN IMPROVED NON-BINDING PROPOSAL TO ACQUIRE
100% OF
SENEX FROM POSCO INTERNATIONAL FOR A$4.60 PER SHARE
    * IMPROVED POSCO PROPOSAL AND INTENTION TO RECOMMEND
    * BOARD INTENDS TO UNANIMOUSLY RECOMMEND THE PROPOSED SCHEME
    * AGREED TO EXTEND POSCO INTERNATIONAL’S EXCLUSIVITY PERIOD
TO NOV
26
    * POSCO INTERNATIONAL CONFIRMED TO SENEX THAT IT HAS NOW 
COMPLETED ALL OF ITS DUE DILIGENCE ENQUIRIES
    * INTENDS TO PAY A DIVIDEND OF UP TO A$0.05 PER SHARE

Source text for Eikon:  ID:nASX8Swwdj 
Further company coverage:  SXY.AX 

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