LPI lithium power international limited

News: LPI Lithium Power International Says Codelco Will Acquire 100% Of Share Capital Of Co

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    Oct 18 (Reuters) - Lithium Power International Ltd (LPI) :

    • LPI ENTERS INTO BINDING SCHEME IMPLEMENTATION DEED WITH CODELCO FOR ALL-CASH A$0.57 PER LPI SHARE ACQUISITION
    • UNDER DEED, CODELCO WILL ACQUIRE 100% OF SHARE CAPITAL OF LPI BY WAY OF A SCHEME OF ARRANGEMENT
    • CONSIDERATION PAYABLE UNDER SCHEME IMPLIES A FULLY DILUTED EQUITY VALUE FOR LPI OF A$385 MILLION
    • LPI BOARD UNANIMOUSLY RECOMMENDS THAT LPI SHAREHOLDERS VOTE IN FAVOUR OF SCHEME
 
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Currently unlisted public company.

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