Nov 23 (Reuters) - Origin Energy Ltd (ORG)
- IN EVENT ALTERNATIVE TRANSACTION PROCEEDS, PROPOSED SHAREHOLDERS WOULD RECEIVE TOTAL CASH CONSIDERATION OF UP TO A$9.08 PER ORIGIN SHARE
- ADVISES THAT YESTERDAY EVENING IT RECEIVED A NON-BINDING AND INDICATIVE PROPOSAL FROM CONSORTIUM
- UNLIKELY THAT SCHEME WOULD HAVE ACHIEVED REQUIRED 75 PER CENT APPROVAL BY SHAREHOLDERS.
- UNDER EXISTING SCHEME, ADDITION OF POTENTIAL OPPORTUNITY FOR INSTITUTIONAL SHAREHOLDERS TO RE-INVEST INTO BROOKFIELD ENERGY MARKETS BUSINESS
- IF SCHEME IS NOT APPROVED ALTERNATIVE TRANSACTION OPTION CONSISTING OF A SALE OF ENERGY MARKETS TO BROOKFIELD FOR A$12.3 BILLION
- IF EIG REACHES ACCEPTANCES UNDER TAKEOVER OF AT LEAST 90 PER CENT, THEN SHAREHOLDERS WILL RECEIVE AN ADDITIONAL 22 AU CENTS CASHPER SHARE
- CONDITIONS ATTACHED TO REVISED PROPOSAL INCLUDE FINALISING AMENDMENTS TO CONSORTIUM'S FUNDING ARRANGEMENTS, AMONG OTHERS
- BOARD NOTES THAT TRANSACTION APPEARS INFERIOR TO EXISTING SCHEME
- ALTERNATE OPTION OF SALE OF ENERGY MARKETS WITH SUBSEQUENT OFF MARKET TAKEOVER OFFER BY EIG FOR CO
- ADJOURNMENT OF SCHEME MEETING
- GIVEN SHORT NOTICE, ORIGIN INTENDS TO OPEN SCHEME MEETING ON 23 NOV, AND IMMEDIATELY ADJOURN IT TO MONDAY 4 DEC
- CONSORTIUM ADVISED ORIGIN IT EXPECTS TO RECEIVE OUTSTANDING REGULATORY APPROVALS BY EARLY DECEMBER 2023
- BOARD HAS DECIDED TO ADJOURN SCHEME MEETING
- NEW PROXY DEADLINE FOR SHAREHOLDERS WHO WERE ON ORIGIN’S SHARE REGISTER ON SCHEME MEETING RECORD DATE OF 21 NOV WILL BE 48 HOURS BEFORE ADJOURNED SCHEME MEETING ON 4 DEC
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Last
$9.93 |
Change
-0.030(0.30%) |
Mkt cap ! $17.21B |
Open | High | Low | Value | Volume |
$10.03 | $10.06 | $9.90 | $7.108M | 712.8K |
Buyers (Bids)
No. | Vol. | Price($) |
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23 | 3447 | $9.92 |
Sellers (Offers)
Price($) | Vol. | No. |
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$9.93 | 9982 | 15 |
View Market Depth
No. | Vol. | Price($) |
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19 | 2815 | 9.910 |
19 | 8956 | 9.900 |
15 | 10900 | 9.890 |
13 | 13267 | 9.880 |
6 | 3875 | 9.870 |
Price($) | Vol. | No. |
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9.920 | 7357 | 24 |
9.930 | 14124 | 17 |
9.940 | 15634 | 15 |
9.950 | 7605 | 8 |
9.960 | 61788 | 9 |
Last trade - 13.33pm 15/05/2024 (20 minute delay) ? |
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Last
$9.94 |
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Change
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Open | High | Low | Volume | ||
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Last updated 13.51pm 15/05/2024 ? |
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