ZEN zenith energy limited
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News: ZEN Zenith Energy Unanimously Supports Elemental's Increased Offer Of $1.05 Per Share

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    21/07/20
    20:05
    Post #: 46017849

    July 21 (Reuters) - Zenith Energy Ltd (ZEN) :

    • UNANIMOUSLY SUPPORTS ELEMENTAL'S INCREASED BEST AND FINAL OFFER OF $1.05 PER SHARE
    • INCREASED SCHEME CONSIDERATION CONSIST OF FULLY FRANKED SPECIAL DIVIDEND TO INCREASE TO $0.14 PER ZENITH SHARE
    • ELIGIBLE ZENITH SHAREHOLDERS, TO RECEIVE ADDITIONAL TAX FRANKING BENEFIT OF UP TO $0.053
    • INDEPENDENT BOARD COMMITTEE CONTINUES TO UNANIMOUSLY RECOMMEND THAT ZENITH SHAREHOLDERS VOTE IN FAVOUR OF SCHEME
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