ASX Announcement Summary
Company: NCM
Date: 06/11/2023, 08:00 pm (AEST)
Title: Implementation of Scheme
Price Sensitive: Yes
Announcement Summary:
Newcrest Mining Limited has announced the implementation of a scheme of arrangement for its acquisition by Newmont Corporation. Eligible shareholders have received Newmont securities as per the Scheme Consideration. Ineligible foreign shareholders will receive cash proceeds instead. Trading in Newcrest shares has been suspended, and Newcrest intends to terminate the official quotation of its shares on the ASX, PNGX, and TSX.
Announcement Type: Company Administration
Key Points:
- Newcrest Mining Limited has implemented a scheme of arrangement under which it will be acquired by Newmont Corporation.
- Eligible Newcrest shareholders have received the Scheme Consideration of 0.400 Newmont securities for each Newcrest share held.
- Newcrest shareholders who are ineligible foreign shareholders will receive the cash proceeds of the sale of the Newmont shares.
- Trading in Newcrest shares on the ASX, PNGX, and TSX has been suspended.
- Newcrest intends to apply for the termination of the official quotation of Newcrest shares on the ASX, PNGX, and TSX.
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