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Alumina Limited (ASX:AWC)
ALERT: Price-sensitive ASX Announcement for AWC
Current share price for AWC : $1.450 -0.165 (-10.22%)+
Announcement
Release
18 Jul 2024 8:26AM
Price at Release
$1.615
Full Release
Summary
On 18 July 2024, Alumina Limited (ASX:AWC) announced that CITIC Group confirms its support for the proposed scheme of arrangement wherein Alcoa Corporation will acquire 100% of Alumina's fully paid ordinary shares. The Scheme Meeting is set for 18 July 2024. CITIC Group, holding approximately 18.92% of Alumina shares, intends to vote in favor of the Scheme, subject to no Superior Proposal and the Independent Expert's positive assessment. Additionally, Mr. Chen Zeng from CITIC has endorsed the Scheme along with the entire Board of Alumina Limited.
Key Points
- CITIC confirms support for the Scheme.
- Scheme Meeting scheduled for 18 July 2024.
- CITIC Group holds 18.92% of Alumina shares.
- CITIC's endorsement is conditional on no Superior Proposal and the Independent Expert's assessment.
- Mr. Chen Zeng from CITIC supports the Scheme.
- The Board unanimously recommends shareholders vote in favor.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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