Ann: ReNu enters agreement with CleanPeak to sell solar assets, page-63

First 63 Last

Share
Profile

Follow
Bakmaam90

2,894 Posts.

543

13/08/19

12:03

Post #: 39974565
Share

Originally posted by Bakmaam90 ↑

So help me get this straight please...
SH approval required subject to listing rules. So is it or not?
If the deal falls over it will cost $200k to break!
This tells me they are determined to see it through.
I’m now trying to recover my $50k I’ve lost believing in the hype... boo hoo
And what happened in NZ...AGO. Very poor disclosure.

Completion of the transaction is conditional on various conditions precedent including, if
required, shareholder approval under the Listing Rules and regulatory change of control consents, and other customary commercial conditions in relation to material contracts, working capital and net debt requirements.
The securities purchase agreement also contains other terms and conditions which are customarily found in transactions of comparable size and type, including provisions requiring purchase price adjustments for net debt and working capital variations, customary representations and warranties (including limitations on warranty liability), a tax indemnity and non-compete arrangements for up to 2 years after completion.
Each ReNu Energy director considers the proposed transaction to be in the best interests of shareholders of the company and, if shareholder approval is required under the Listing Rules, presently intends to recommend that shareholders vote to approve the proposed transaction and to vote all shares held or controlled by them in favour of the proposed transaction, in each case except where an independent expert opines that the proposed transaction is not fair and reasonable to shareholders.
A break fee of $200,000 is payable by ReNu Energy in certain circumstances, including withdrawal of unanimous Board support (except if an independent expert opines that the transaction is not fair and reasonable to ReNu Energy shareholders) and non-satisfaction of certain closing conditions precedent including a material adverse event.

Expand

except if an independent expert opines that the transaction is not fair and reasonable to ReNu Energy shareholders)

I can’t control myself...Baahaahaaa

RNE Price at posting: 3.2¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Trump is President Again: What Does This Mean for Crypto?

ACW

Actinogen receives $9M R&D tax rebate to fund Alzheimer's trial

NHF

Burgeoning NZ insurance claims drive 1H25 operating loss for nib

There are more pages in this discussion • 8 more messages in this thread...

First 63 Last

Add RNE (ASX) to my watchlist

(20min delay)
Last 0.1¢		Change 0.000(0.00%)		Mkt cap ! $1.727M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
73	120556090	0.1¢

Sellers (Offers)

Price($)	Vol.	No.
0.2¢	75320482	25

View Market Depth

No.	Vol.	Price($)
73	120556090	0.001
0	0	0.000
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.002	75320482	25
0.003	20790775	20
0.004	1753578	5
0.005	3791800	4
0.006	269000	1

Last trade - 16.13pm 12/11/2024 (20 minute delay)

RNE (ASX) Chart

Day chart unavailable

Ann: ReNu enters agreement with CleanPeak to sell solar assets, page-63

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Trump is President Again: What Does This Mean for Crypto?

Actinogen receives $9M R&D tax rebate to fund Alzheimer's trial

Burgeoning NZ insurance claims drive 1H25 operating loss for nib

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: ReNu enters agreement with CleanPeak to sell solar assets, page-63

Top Stories

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Trump is President Again: What Does This Mean for Crypto?

Actinogen receives $9M R&D tax rebate to fund Alzheimer's trial

Burgeoning NZ insurance claims drive 1H25 operating loss for nib

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News