UNV universal coal plc
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News: UNV Universal Coal Says Received Offer From Consortium Of Investors Led By Ata Resources...

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    18/09/18
    09:50
    Post #: 35663177

    Sept 18 (Reuters) - Universal Coal PLC (UNV) :

    • RECEIVED A CONDITIONAL, NON-BINDING INDICATIVE OFFER FROM A CONSORTIUM OF INVESTORS LED BY ATA RESOURCES PROPRIETARY
    • ATA RESOURCES, ON BEHALF OF CONSORTIUM, PROPOSES TO OFFER CASH CONSIDERATION OF A$0.35 FOR EACH UNIVERSAL SHARE
    • INDEPENDENT DIRECTORS RECOMMEND THAT SHAREHOLDERS AND CDI HOLDERS TAKE NO ACTION AND MAKE NO DECISIONS IN RESPECT OF OFFER
    • ADVISED THAT ATA RESOURCES HAS RECEIVED UNDERTAKING FROM COAL DEVELOPMENT TO VOTE IN FAVOUR OF SCHEME & SUBSEQUENT DELISTING OF CO
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