Sept 20 (Reuters) - Simonds Group Ltd (SIO) :
- Scheme of arrangement update (SIO)
- On 20 September 2016, the supreme court heard mr mcmahon's application,
refused to grant the injunction sought
- Court was concerned about the impact of the proposed scheme of arrangement on
the indemnity
- Court advised that, if necessary, at approval stage it will ensure that
mcmahon's shares are not acquired before 18 November 2016
- Refers to former CEO, Paul Mcmahon, applied to supreme court for injunction
preventing scheme being implemented prior to 21 November
- * (( )) (([email protected]))
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