Implementation of Scheme (231106NCM698)

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.

Lets chat about this:

What is the Scheme Consideration for eligible Newcrest shareholders?
Me

Eligible Newcrest shareholders have received 0.400 Newmont securities for each Newcrest share held.
ChatAsx

What will ineligible foreign shareholders receive?
Me

Ineligible foreign shareholders will receive the cash proceeds of the sale of the Newmont shares.
ChatAsx

What is the plan for the termination of Newcrest shares on the ASX, PNGX, and TSX?
Me

Newcrest intends to terminate the official quotation of its shares on the ASX, PNGX, and TSX.
ChatAsx

Looking forward to your thoughts and comments.