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Greencross Ltd To Merge With Mammoth Pet Holdings Pty Limited; Proposes Changes To Management

Wednesday, 13 Nov 2013 06:03pm EST 

Greencross Ltd announced that it has reached agreement to merge with Mammoth Pet Holdings Pty Limited via the acquisition of 100% of the issued shares in Mammoth from the Mammoth shareholders in exchange for Greencross shares, bringing the total number of ordinary shares post-Merger to 90.3 million. The Merger is subject to shareholder approval by ordinary resolution (>50%) at a general meeting expected to be held in late January 2014. The Company also announced the senior executive appointments, conditional and effective upon completion of the Merger: Jeff David, currently the Executive Chairman of Mammoth and Non-Executive Director of Greencross, will assume the role of Chief Executive of Greencross. Glen Richards, currently the Managing Director of Greencross, will assume the role of Managing Director, Veterinary Services and will remain on the Board. In addition, Andrew Geddes will step down as Chairman of Greencross but will remain on the Board as a Non-Executive Director. Stuart James, currently a Non-Executive Director of Greencross, has agreed to take on the role as Chairman. 

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0.02 +0.23%
6:48pm EST