FMS 0.43% $1.17 flinders mines limited

Ann: Conclusion of Panel Proceedings, page-6

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  1. 1,494 Posts.
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    No, not yet (well as far as we know)
    The undertakings have satisfied the Takeovers Panel. They still need to re apply to ASX for the delist with the new undertakings forming part of that application. This is why it is important that objections continue to be lodged with ASX and ASIC.
    Given the solid indication from all holders except one against a delist now well known you would expect that ASX will not just apply a simple ruling from their guidelines but be in contact with ASIC to review all of the issues presented. (At least that seems logical to me)
    It is quite alarming that part of the proposal now involves FMS going into debt to our major holder for 3 years when the Company is saying it can't afford staying listed
 
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Currently unlisted public company.

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