GXL greencross limited
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News: GXL -Greencross Ltd Enters Into Scheme Implementation Agreement

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    05/11/18
    11:10
    Post #: 36389507

    Nov 5 (Reuters) - Greencross Ltd (GXL) :

    • GREENCROSS ENTERS INTO SCHEME IMPLEMENTATION AGREEMENT
    • DEAL FOR $5.55 PER SHARE
    • ENTERED INTO A SCHEME IMPLEMENTATION AGREEMENT WITH VERMONT AUS PTY LTD TO ACQUIRE 100% OF GREENCROSS SHARES
    • DEAL INVOLVES PAYMENT OF A FULLY-FRANKED PERMITTED DIVIDEND OF UP TO $0.21 PER SHARE ON OR SHORTLY BEFORE IMPLEMENTATION DATE OF SCHEME
    • GREENCROSS DIRECTORS UNANIMOUSLY RECOMMEND SCHEME
    • SCHEME IS EXPECTED TO BE IMPLEMENTED IN 1H CY2019
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