March 28 (Reuters) - IGO Ltd (IGO) :
- ODEY ASSET MANAGEMENT SAYS TO CURE BREACH OF SECTION 623, BELIEVES ALL WESTERN AREAS SHAREHOLDERS BE OFFERED COMPENSATION EQUALLING OFFER BY IGO'S PROPOSED JV WITH WYLOO
- ODEY ASSET MANAGEMENT SAYS SHAREHOLDERS OF WESTERN AREAS INCLUDE WYLOO METALS WHICH OWNS A 9.8% STAKE AND ODEY ASSET MANAGEMENT, WHICH OWNS 1.0% STAKE
- ODEY ASSET MANAGEMENT SAYS IN LIGHT OF FACT THAT CURRENT DEAL STRUCTURE APPEARS IN BREACH OF 2001 ACT, IGO & WYLOO DISBAND ANNOUNCED JV ENTIRELY