Oct 22 (Reuters) - DDH1 Ltd (DDH) :
- DDH1 AND SWICK MINING SERVICES ENTERED INTO A BINDING SCHEME IMPLEMENTATION AGREEMENT
- AGREED TO ACQUIRE ALL OF SHARES OF SWICK VIA A SCHEME OF ARRANGEMENT
- SWICK SHAREHOLDERS WILL RECEIVE 0.2970 NEW DDH1 SHARES FOR EACH SWICK SHARE HELD ON RECORD DATE
- DEAL REPRESENTS AN IMPLIED EQUITY VALUE OF A$0.35 PER SWICK SHARE
- DIRECTORS OF SWICK UNANIMOUSLY RECOMMENDED THAT SWICK SHAREHOLDERS VOTE IN FAVOUR OF SCHEME
- DEAL REPRESENTS AN IMPLIED ENTERPRISE VALUE OF A$115 MILLION
