Dec 20 (Reuters) - St Barbar
- TO ACQUIRE ALL OF SHARES IN CAPITAL OF BARDOC BY WAY OF SCHEME OF ARRANGEMENT
- TRANSACTION VALUES BARDOC AT APPROXIMATELY A$157 MILLION
- BARDOC SHAREHOLDERS WILL RECEIVE 0.3604 NEW ST BARBARA SHARES FOR EACH BARDOC SHARE
- ON A PRO FORMA BASIS, ST BARBARA SHAREHOLDERS WILL OWN 87% & BARDOC SHAREHOLDERS WILL OWN 13% OF ALL ISSUED ST BARBARA SHARES
- BARDOC REACHED AGREEMENT WITH ST BARBARA TO PROCEED WITH A SPIN-OUT OF ITS SOUTH WOODIE WOODIE MANGANESE ASSETS
- SPINCO MAY CONSIDER SEEKING A LISTING ON ASX IN FUTURE
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