NKP 0.00% 9.9¢ nkwe platinum limited

game on, page-105

  1. 876 Posts.
    lightbulb Created with Sketch. 68
    My understanding is that we just got shafted,

    "Following Nkwe’s announcement on 19 March 2018 regarding the receipt of Zijin’s indicative non-binding proposal to acquire 100% of Nkwe via an amalgamation which, subject to amongst other things, stated the expected shareholder approval requirement of at least 75% of Nkwe shareholders (present and voting), Nkwe has received legal advice confirming that, pursuant to Bermuda law and Nkwe's bye-laws, the affirmative votes of a majority of votes cast by shareholders of Nkwe who are present in person or by proxy at a quorate meeting of the shareholders of Nkwe are required to approve the Amalgamation and Amalgamation Agreement."

    NKWE directors are stating they have legal advice that an approval for amalgamation requires a majority of votes by share holders. Zijin have the majority and therefore can force an amalgamation.

    So now we have to fight!
 
watchlist Created with Sketch. Add NKP (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.