Brief: Shanta Gold Agrees To 141 Mln Pound Takeover Offer from Saturn Resources

Shanta Gold

20/12/2023 07:52

Dec 20 (Reuters) - Shanta Gold Ltd  SHAN.L :
    * SATURN RESOURCES LTD SHANTA GOLD LIMITED  - RECOMMENDED
CASH
ACQUISITION
    * SHANTA GOLD-SATURN RESOURCES,  CO REACHED AGREEMENT ON A
RECOMMENDED CASH ACQUISITION BY BIDCO OF SHANTA NOT ALREADY
OWNED BY ANY BIDCO MEMBER
    * SHANTA GOLD LTD - UNDER TERMS OF ACQUISITION, SHANTA
SHAREHOLDERS WILL BE ENTITLED TO RECEIVE: FOR EACH SHANTA SHARE:
13.5 PENCE IN CASH
    * SHANTA GOLD LTD - CONSIDERATION OF 13.5 PENCE PER SHANTA
SHARE
VALUES ENTIRE ISSUED SHARE CAPITAL OF SHANTA AT APPROXIMATELY
£141.95 MILLION
    * SHANTA GOLD LTD - INDEPENDENT SHANTA DIRECTORS INTEND TO
RECOMMEND UNANIMOUSLY THAT VOTING SCHEME SHAREHOLDERS VOTE IN
FAVOUR OF SCHEME

Source text for Eikon:  ID:nRST3888Xa 
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