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Deal completion details

  1. Kunleesp
    1,252 Posts.
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    24/03/16
    03:31
    Post #: 17351625
    Deal is not Completed until 100% Gridcomm Shareholders agree.

    Currently only 94% agree.

    Announcement- 18 March 2016

    Odin Energy Ltd signs Securities Sale Agreements to Acquire gridComm Pte Ltd

    Presently 94% of gridComm’s shareholders have executed the agreements and the Board of Odin has voted to proceed to completion on this basis. The board will continue to discuss the matter with the remaining shareholder of gridComm.

    Please see below from previous announcements stating that ODN require 100% of all Gridcomm shareholders to agree, which they haven't got.


    25 January 2016

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    23 November 2015

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    18 March 2016

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    ODN Price at posting: 1.5¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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