Will be interesting to see what sort of pressure AZA puts on the board now that they are the largest shareholders....
by the way, are any of the NXS directors shareholders in NXS, and if so what percentage do they own?
Will also be interesting to see how much more of a stake they will take as acceptances come through from hedge funds prior to 7pm
Anzon Australia Limited (“Anzon”) has achieved acceptances of approximately 55.5 million shares, or 15.4%, of Nexus Energy Limited (“Nexus”) in response to its Takeover Offer (the “Offer”) as at 4pm on 6 June 2006. Anzon expects further acceptances before the Offer formally closes at 7pm (AEST) this evening.
Although the final number of acceptances will not be known until later today Anzon is now the largest shareholder in Nexus and intends to play a constructive role in the future exploitation of Nexus’ assets.
In particular, Anzon looks forward to the Nexus Board delivering the value indicated by them during the Offer period.
AZA
anzon australia limited
