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Geodynamics Ltd acquires more than 90% of KUTh Energy Limited

Wednesday, 11 Dec 2013 05:35pm EST 

Geodynamics Ltd:Says it holds a relevant interest of 90.45% of the issued shares of KUTh Energy Limited, providing Geodynamics with the right to compulsorily acquire all the remaining KUTh shares for which it has not already received acceptances of its takeover offer.Says compulsory acquisition procedure will take about six weeks.Says KUTh Energy Limited will hold the Geodynamics shares for those KUTh shareholders affected by the compulsory acquisition, which are entitled to them.Says KUTh shareholders who have accepted Geodynamics offer will automatically receive the Geodynamics shares which they are entitled to by Jan. 4,2014. 

Company Quote

0.0020 +5.71%
27 Mar 2015