Base Resources Limited - Update on regulatory approvals for proposed combination with Energy Fuels
AIM and Media Release
Update on regulatory approvals for proposed combination with Energy Fuels
Regulatory approvals
On
The other regulatory approval conditions precedent to implementation of the Scheme concern applications to Australia’s
Scheme Booklet despatch and updated timetable
The Scheme Booklet to be provided to shareholders is well advanced, with despatch targeted for early August following the First Court Hearing. The Scheme Booklet will contain key information about the Proposed Combination and the Scheme, an Independent Expert’s Report and will formally convene the meeting of shareholders to consider the Scheme ( Scheme Meeting ). An updated indicative timetable for the Proposed Combination is below .
Base Resources Directors continue to unanimously recommend that shareholders vote in favour of the Proposed Combination in the absence of a superior proposal and subject to the Independent Expert concluding, and continuing to conclude, that the Scheme is in the best interests of
___________________________________________________________________________ |Event |Indicative timing| |_________________________________________________________|_________________| |First Court Hearing to approve the Scheme Booklet and |Early August | |formally convene Scheme Meeting | | |_________________________________________________________|_________________| |Despatch of Scheme Booklet to Base Resources Shareholders|Early August | |_________________________________________________________|_________________| |Scheme Meeting |Early September | |_________________________________________________________|_________________| |Second Court Hearing |Mid-September | |_________________________________________________________|_________________| |Effective Date |Mid-September | |_________________________________________________________|_________________| |Record dates for Scheme and Special Dividend |Mid-September | |_________________________________________________________|_________________| |Special Dividend Payment Date |Late September | |_________________________________________________________|_________________| |Implementation Date |Late September | |_________________________________________________________|_________________|
ENDS.
For further information contact:
______________________________________________________________ |Australian Media Relations |UK Media Relations | |________________________________|_____________________________| |Morrow Sodali |Tavistock Communications | |________________________________|_____________________________| |Cameron Gilenko and Michael Weir|Jos Simson andGareth Tredway | |________________________________|_____________________________| |Tel: +61 8 6160 4900 |Tel: +44 207 920 3150 | |________________________________|_____________________________|
This release has been authorised by the Base Resources Disclosure Committee.
About
PRINCIPAL & REGISTERED OFFICE
Level 3,
Email:
info@baseresources.com.au
Phone: +61 8 9413 7400
Fax: +61 8 9322 8912
NOMINATED ADVISER & JOINT BROKER
Phone: +44 20 7523 8000
JOINT BROKER
Berenberg
Phone: +44 20 3207 7800
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