Under the terms of the non-binding Letter of Intent (“LOI”), which was unanimously approved by Emefcy’s Boards of Directors, Emefcy proposes to merge with RWL Water in an all-stock transaction, and issue 100.5 million new Emefcy shares to RWL Water’s owner, an entity controlled by
Mr. Ronald S. Lauder. Those shares would be subject to a 2-year lock-up agreement, under which Mr. Lauder would only be allowed to sell the shares under limited circumstances.
The LOI further contemplates that Mr. Lauder (or his controlled entity) will subscribe for US$20 million (A$27 million) in additional Emefcy shares at an expected price of A$0.85 per share representing the 20-day VWAP share price for Emefcy’s shares. That share subscription would be conditioned upon execution of a purchase agreement, the completion of the merger and Emefcy shareholder approval. Following these transactions, and on an undiluted basis, current Emefcy shareholders would own approximately 66% of the merged group, while Mr. Lauder would own approximately 34%.
Upon closing of the transaction, Fluence stock would remain listed on the Australia Stock Exchange.
- Forums
- ASX - By Stock
- FLC
- Ann: Trading Halt
Ann: Trading Halt, page-38
-
- There are more pages in this discussion • 96 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FLC (ASX) to my watchlist
(20min delay)
|
|||||
Last
11.5¢ |
Change
-0.010(8.00%) |
Mkt cap ! $124.3M |
Open | High | Low | Value | Volume |
12.5¢ | 12.5¢ | 11.5¢ | $592 | 5.121K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 104 | 12.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
12.5¢ | 59636 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 104 | 0.120 |
5 | 301923 | 0.115 |
4 | 292077 | 0.110 |
2 | 240000 | 0.100 |
1 | 10111 | 0.099 |
Price($) | Vol. | No. |
---|---|---|
0.125 | 50666 | 1 |
0.130 | 52636 | 2 |
0.135 | 50000 | 1 |
0.140 | 168092 | 5 |
0.145 | 220000 | 4 |
Last trade - 11.30am 25/07/2024 (20 minute delay) ? |
Featured News
FLC (ASX) Chart |