June 12 (Reuters) - Srg Ltd (SRG) :
- GLOBAL CONSTRUCTION SERVICES AND CO ANNOUNCE A PROPOSED MERGER OF EQUALS TO CREATE SRG GLOBAL LIMITED
- BOTH COMPANIES INTEND TO PAY A FINAL FY18 DIVIDEND IN LINE WITH THEIR USUAL PAYOUT POLICY PRIOR TO COMPLETION OF MERGER
- UPON COMPLETION OF MERGER, GCS AND SRG SHAREHOLDERS WILL OWN APPROXIMATELY 51% AND 49% OF SRG GLOBAL RESPECTIVELY
- PETER WADE WILL BE CHAIRMAN AND PETER MCMORROW DEPUTY CHAIRMAN OF SRG GLOBAL
- UNDER MERGER TERMS , TO BE EFFECTED BY WAY OF ALL SCRIP SCHEME OF ARRANGEMENT, SRG SHAREHOLDERS TO RECEIVE 2.479 GCS SHARES FOR EACH SRG SHARE
- ALL DIRECTORS OF GCS AND SRG UNANIMOUSLY SUPPORT PROPOSED MERGER
- DAVID MACGEORGE WILL BE MANAGING DIRECTOR OF SRG GLOBAL
News: SRG Global Construction Services And SRG Announce Proposed Merger Of Equals
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