EGO EPW

The deadline has passed. Appendix A of the Corporate Deal...

  1. Surandy70
    12,653 Posts.
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    20/10/14
    23:05
    Post #: 14152518
    The deadline has passed.

    Appendix A of the Corporate Deal announcement made on 1/9/14 indicated that one of the conditions of the deal was that "the Sale is subject to the approval of Empire’s shareholders at a general meeting to be held on or before 17 November 2014".

    As a Notice of Meeting has not yet been lodged with the ASX and ASIC then EGO is unable to hold a Meeting of Shareholders "on or before 17 November 2014" due to the time requirements for such a notice under the Corporations Law.

    EGO will need to make an announcement tomorrow in order to inform the market of this and to advise what actions, if any, they are now taking in regards to the Corporate Deal.
    EPW Price at posting: $1.58 Sentiment: None Disclosure: Not Held
    EGO Price at posting: 0.7¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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