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
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$1.97 |
Change
0.008(0.38%) |
Mkt cap ! $1.185B | |||
| Open | High | Low | Value | Volume |
| $1.97 | $1.98 | $1.96 | $405.7K | 206.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 8124 | $1.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.98 | 20894 | 16 |
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