SGL ricegrowers limited

There were quite a few shares bought at 43c today....4.3...

Currently unlisted. Proposed listing date: MONDAY, 8 APRIL 2019 11:00AM ##
  1. 2,885 Posts.
    lightbulb Created with Sketch. 37
    There were quite a few shares bought at 43c today....



    4.3 Intentions upon acquiring more
    than 50 per cent but less than
    90 per cent of SGL Shares

    AGL will maintain the listing of SGL on the ASX as
    long as SGL meets the requirements of the Listing
    Rules for maintaining a listing, including there being
    a sufficient spread of SGL Shareholders.

    Directors
    AGL intends, to seek to re-constitute the Board of
    Directors of SGL to reflect AGL’s majority ownership of
    SGL.



    4.4 Intentions if AGL acquires less
    than 50.1 per cent of SGL Shares
    If AGL acquires less than 50.1 per cent of SGL Shares,
    it intends to seek to obtain representation on the SGL
    Board which is commensurate with the level of its
    shareholding in SGL. AGL may in the future acquire
    further SGL Shares subject to the requirements of the
    Corporations Act.
    4.5 Intentions generally
    Subject to the above, AGL intends on the basis of
    the facts and information concerning SGL which are
    known to it:
    to continue t –– he businesses of SGL;
    –– not to make any major changes to the businesses
    of SGL or to redeploy SGL’s fixed assets; and
    –– to continue the employment of SGL’s present
    employees.
 
watchlist Created with Sketch. Add SGL (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.