June 26 (Reuters) - DDH1 Ltd (DDH) :
- ENTERED INTO A BINDING SCHEME IMPLEMENTATION AGREEMENT
- UNDER AGREEMENT DDH1 WILL COMBINE WITH PERENTI
- UNDER TRANSACTION DDH1 SHAREHOLDERS WILL RECEIVE FOR EACH DDH1 SHARE HELD A$0.1238 CASH PLUS 0.7111 PERENTI SHARES
- DDH1 SHAREHOLDERS WILL OWN 29% OF COMBINED ENTITY
- DDH1'S BOARD UNANIMOUSLY RECOMMENDS SHAREHOLDERS VOTE IN FAVOUR OF PROPOSED TRANSACTION
- DIRECTORS OF DDH1 CONTROLLING 13.1% OF DDH1 SHARES INTEND TO VOTE IN FAVOUR OF PROPOSED TRANSACTION
- IMPLIED OFFER VALUE VALUING DDH1'S BUSINESS AT AN EQUITY VALUE OF A$410 MILLION
- DDH1 CEO, SY VAN DYK, WILL BECOME PRESIDENT OF NEWLY FORMED DRILLING SERVICES DIVISION
- UPON COMPLETION OF PROPOSED TRANSACTION PERENTI WILL HAVE AN EXPANDED BOARD OF 8 MEMBERS
- ROB COLE TO REMAIN CHAIR OF PERENTI; MARK NORWELL AND PETER BRYANT WILL REMAIN MD & CEO AND CFO OF PERENTI RESPECTIVELY
- EXPANDED BOARD COMPRISED OF 6 DIRECTORS FROM PERENTI AND 2 FROM DDH1
- PROPOSED TRANSACTION IS EXPECTED TO SECURE SIGNIFICANT P&L SYNERGIES OF A$22 MILLION
- SEES FY23 UNDERLYING EBITDA WILL BE BETWEEN A$117 MILLION AND A$121 MILLION
- BELIEVES FY23 UNDERLYING EBITDA WILL BE BETWEEN A$117 MILLION AND A$121 MILLION
- IN Q4 DDH1 HAS SEEN IMPROVEMENT IN UTILISATION AND REVENUES AS CUSTOMER DRILLING PROGRAMMES RECOMMENCED
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Last
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Mkt cap ! $901.2M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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3 | 162229 | 94.0¢ |
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95.0¢ | 54702 | 3 |
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3 | 162229 | 0.940 |
2 | 62513 | 0.935 |
2 | 17666 | 0.930 |
4 | 88475 | 0.925 |
5 | 138299 | 0.920 |
Price($) | Vol. | No. |
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0.950 | 54702 | 3 |
0.955 | 35452 | 3 |
0.960 | 158649 | 10 |
0.965 | 8827 | 2 |
0.970 | 152128 | 7 |
Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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Last
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Change
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Open | High | Low | Volume | ||
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Last updated 15.59pm 06/05/2024 ? |
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