News: TGA Australian Takeovers Panel Announces Declaration Of Unacceptable Circumstances & Orders...

Dec 17 (Reuters) - Australian Government Takeovers Panel:

• ANNOUNCES DECLARATION OF UNACCEPTABLE CIRCUMSTANCES & ORDERS IN RELATION TO AFFAIRS OF THORN GROUP
• MADE ORDERS TO CANCEL SUFFICIENT SHARES ISSUED UNDER DRP TO SOMERS TO RETURN ITS VOTING POWER TO 31.57%
• MADE ORDERS THAT REQUIRE THORN TO PAY SOMERS ITS SPECIAL DIVIDEND ENTITLEMENT IN CASH IN LIEU OF CANCELLED SHARES
• MADE ORDERS THAT REQUIRE THORN TO RESUME ADJOURNED THORN EGM ON OR AFTER JAN 4, 2021 & NO LATER THAN JAN 15, 2021

Source text https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02323948_PS-2A1271006?access_token=83ff96335c2d45a094df02a206a39ff4

(([email protected];))