20 June 2008
Zinifex obtains Court Approval of Scheme of Arrangement and Scheme
becomes Effective
The Supreme Court of Victoria has today given its approval to the scheme of
arrangement between Zinifex Limited (Zinifex) and its shareholders (the
Scheme) in relation to the merger of Zinifex with Oxiana Limited (Oxiana),
following approval of the Scheme at a meeting of Zinifex shareholders on 16
June 2008.
Zinifex has lodged a copy of the Court orders approving the Scheme with the
Australian Securities and Investments Commission (ASIC) and, accordingly, the
Scheme has become Effective. Zinifex shares will be suspended from trading
on the Australian Securities Exchange (ASX) with effect from the close of
trading today, pending provision of the Scheme Consideration by Oxiana on the
Implementation Date (1 July 2008) and pending de-listing of Zinifex shares from
quotation on the ASX.
Zinifex's release to ASX of 16 June 2008 ("Results of Scheme Meeting") sets
out the indicative timetable for the remainder of the steps to implement the
Scheme.
In addition to the steps set out in that timetable, Oxiana, as the continuing listed
entity, has convened an Extraordinary General Meeting (the EGM) of
shareholders for 18 July 2008 to seek shareholder approval to change the name
of Oxiana to OZ Minerals Limited, and to confirm the appointment of the current
Zinifex directors to the Board of Oxiana, among other matters. On 4 July 2008,
Oxiana will send a copy of the Notice of Meeting convening the EGM to Zinifex
shareholders who receive Oxiana shares pursuant to the Scheme, and those
shareholders will be entitled to attend, and vote at, the EGM provided that they
continue to hold their Oxiana shares as at the record date for the EGM.
Further details in relation to the Scheme and its implementation are set out in
the Scheme Booklet dated 9 May 2008 (which is available at www.zinifex.com)
(Scheme Booklet). Capitalised terms in this announcement have the meaning
given to them in the Scheme Booklet.
Important Note
It is the responsibility of all shareholders proposing to sell new Oxiana shares on
a deferred settlement basis to confirm their holding before doing so. As outlined
in the Scheme Booklet, Oxiana intends to despatch Holding Statements to
shareholders on 4 July 2008. Shareholders who sell their shares before they
receive a Holding Statement do so at their own risk.
For More Information Martin McFarlane, GM Investor & Community Relations,
61 3 9288 0479 or 0417 543 638 [email protected]
- Forums
- ASX - By Stock
- OXR
- pre open
OXR
oxiana limited
pre open, page-7
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)