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0.00% $3.86 western areas limited

News: WSA Odey Asset Management Says To Cure Breach Of Section 623

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    29/03/22
    01:10
    Post #: 60480047

    March 28 (Reuters) - IGO Ltd (IGO) :

    • ODEY ASSET MANAGEMENT SAYS TO CURE BREACH OF SECTION 623, BELIEVES ALL WESTERN AREAS SHAREHOLDERS BE OFFERED COMPENSATION EQUALLING OFFER BY IGO'S PROPOSED JV WITH WYLOO
    • ODEY ASSET MANAGEMENT SAYS SHAREHOLDERS OF WESTERN AREAS INCLUDE WYLOO METALS WHICH OWNS A 9.8% STAKE AND ODEY ASSET MANAGEMENT, WHICH OWNS 1.0% STAKE
    • ODEY ASSET MANAGEMENT SAYS IN LIGHT OF FACT THAT CURRENT DEAL STRUCTURE APPEARS IN BREACH OF 2001 ACT, IGO & WYLOO DISBAND ANNOUNCED JV ENTIRELY
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