OXX octanex limited
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News: OXX Octanex Receives Expression Of Interest From Chairman

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    06/12/22
    14:15
    Post #: 65176138

    Dec 6 (Reuters) - Octanex Ltd (OXX) :

    • RECEIVED AN EXPRESSION OF INTEREST FROM ITS CHAIRMAN
    • CHAIRMAN INTENDS TO SUBMIT A PROPOSAL WHEREBY COMPANIES AND INTERESTS ASSOCIATED WITH HIM WOULD BUY CO'S SHARES HELD BY OTHER SHAREHOLDERS
    • CHAIRMAN INDICATED HE WILL CONTINUE TO FUND CO IN MEET COMMITMENTS THROUGH TO SUCCESSFUL CONCLUSION OF DISCUSSIONS AS TO FUTURE COURSE FOR CO
    • CHAIRMAN INTENDS TO BUY CO'S SHARES HELD BY OTHER SHAREHOLDERS, CO WOULD BE PRIVATISED
    • CONSIDERATION THAT CHAIRMAN WILL OFFER TO NON-ALBERS SHAREHOLDERS IS YET TO BE DETERMINED
    • FORWARD PROJECTIONS OF OUTGOINGS ARE ANTICIPATED TO SEE FURTHER DRAWDOWN OF LOANS FROM CHAIRMAN
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