March 12 (Reuters) - Alumina Ltd (AWC) :
- ALUMINA ENTERS INTO BINDING SCHEME IMPLEMENTATION DEED-AWC.AX
- ENTERED INTO A SCHEME IMPLEMENTATION DEED WITH ALCOA CORPORATION
- ELIGIBLE ALUMINA SHAREHOLDERS WILL BE ENTITLED TO RECEIVE 0.02854 SHARES OF ALCOA COMMON STOCK FOR EACH ALUMINA SHARE HELD
- ALCOA HAS AGREED TO ESTABLISH A FOREIGN EXEMPT LISTING ON AUSTRALIAN SECURITIES EXCHANGE
- RECOMMEND THAT ALUMINA SHAREHOLDERS VOTE IN FAVOUR OF TRANSACTION
- FOREIGN EXEMPT LISTING WOULD ENABLE ALUMINA SHAREHOLDERS TO TRADE SHARES OF ALCOA COMMON STOCK VIA CDIS ON ASX
- SID INCLUDES CERTAIN CIRCUMSTANCES IN WHICH A BREAK FEE OF US$22 MILLION WOULD BE PAYABLE TO ALCOA
- ALUMINA SHAREHOLDERS TO VOTE AT SCHEME MEETING WHICH IS TARGETED TO BE HELD IN 3Q 2024
- SCHEME IS EXPECTED TO BE IMPLEMENTED BY 3Q 2024
(([email protected];))
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