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0.43% $1.17 flinders mines limited

Dec 13 (Reuters) - Flinders Mines Ltd (FMS) : ANNOUNCES...

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    13/12/18
    10:10
    Post #: 36843409

    Dec 13 (Reuters) - Flinders Mines Ltd (FMS) :

    • ANNOUNCES INTENTION TO DE-LIST FROM ASX
    • ASX HAS PROVIDED IN-PRINCIPLE APPROVAL FOR DE-LISTING SUBJECT TO CERTAIN CONDITIONS, INCLUDING SHAREHOLDER APPROVAL
    • TO UNDERTAKE ON-MARKET BUY-BACK TO PROVIDE LIQUIDITY FOR SHAREHOLDERS WHO DO NOT WISH TO RETAIN THEIR SHARES POST DE-LISTING
    • ON-MARKET BUY-BACK FOR UP TO 10% OF SHARES ON ISSUE
    • BUY-BACK WILL BE FUNDED BY A LOAN FACILITY FROM A SUBSIDIARY OF COMPANY’S LARGEST SHAREHOLDER, TIO (NZ)
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