News: DDH DDH1 Ltd Says Co And Swick Mining Services Entered Into A Binding Scheme Implementation...

Oct 22 (Reuters) - DDH1 Ltd (DDH) :

• DDH1 AND SWICK MINING SERVICES ENTERED INTO A BINDING SCHEME IMPLEMENTATION AGREEMENT
• AGREED TO ACQUIRE ALL OF SHARES OF SWICK VIA A SCHEME OF ARRANGEMENT
• SWICK SHAREHOLDERS WILL RECEIVE 0.2970 NEW DDH1 SHARES FOR EACH SWICK SHARE HELD ON RECORD DATE
• DEAL REPRESENTS AN IMPLIED EQUITY VALUE OF A$0.35 PER SWICK SHARE
• DIRECTORS OF SWICK UNANIMOUSLY RECOMMENDED THAT SWICK SHAREHOLDERS VOTE IN FAVOUR OF SCHEME
• DEAL REPRESENTS AN IMPLIED ENTERPRISE VALUE OF A$115 MILLION