WSA western areas limited
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News: WSA IGO Ltd Updates On Western Areas Scheme Of Arrangement

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    05/04/22
    11:25
    Post #: 60655967

    April 5 (Reuters) - IGO Ltd (IGO) :

    • NOTES ANNOUNCEMENT BY WESTERN AREAS REQUESTING A TRADING HALT
    • WESTERN AREAS INTENDS TO ADVERSELY CHANGE ITS RECOMMENDATION TO VOTE IN FAVOUR OF SCHEME AND TERMINATE SCHEME IMPLEMENTATION DEED WITH IGO
    • INDEPENDENT EXPERT ENGAGED BY WESTERN AREAS CONCLUDED IN DRAFT REPORT THAT SCHEME IS NEITHER FAIR NOR REASONABLE TO WESTERN AREAS SHAREHOLDERS
    • WILL CONSIDER ALL OPTIONS WITH RESPECT TO SCHEME ONCE DRAFT IER IS RECEIVED AND REVIEWED
    • IGO'S LONG TERM VIEW ON NICKEL PRICE HAS NOT MATERIALLY CHANGED
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