SXY senex energy limited
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News: SXY Senex Energy Receives Improved Proposal From POSCO

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    08/11/21
    10:30
    Post #: 57389978

    Nov 8 (Reuters) - Senex Energy Ltd (SXY) :

    • 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
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