Atlas Iron Limited (ASX:AGO) Announce Final Court Approval For Warwick (ASX:WRK) Schemes Of Arrangement
Perth, Dec 7, 2009 AEST (ABN Newswire) - Atlas Iron Limited (ASX:AGO) and Warwick Resources Limited (ASX:WRK) are pleased to report that the Federal Court of Australia has earlier today approved the schemes of arrangement between Warwick and its shareholders and optionholders.
Warwick will now proceed to extract the Orders from the Federal Court and intends to lodge the Orders with the Australian Securities and Investments Commission ("ASIC") tomorrow, Tuesday, 8 December 2009.
Tomorrow will be the last day of trading for Warwick and suspension of trading in Warwick securities will occur on ASX at the close of trading on Tuesday, 8 December 2009.
Assuming that trading in Warwick shares is suspended on Tuesday, 8 December 2009, the timetable for the completion of the Merger is as follows.
==================================================================Scheme Effective Date. Suspensionof Warwick Shares from trading 8 December 2009------------------------------------------------------------------Trading of New Atlas Shares on ASXon a deferred settlement basis 9 December 2009------------------------------------------------------------------Exercise Deadline for Warwick Options 11 December 2009------------------------------------------------------------------Record Date for determining entitlementsto Scheme Consideration 5.00pm (WST) on 15 December 2009------------------------------------------------------------------Share Scheme Implementation Date - Issueof New Atlas Shares to Share Scheme Participants 17 December 2009------------------------------------------------------------------Option Scheme Implementation Date - Issueof New Atlas Shares to Option Scheme Participants 18 December 2009------------------------------------------------------------------Dispatch of holding statementsfor New Atlas Shares 22 December 2009------------------------------------------------------------------Trading of New Atlas Shares on ASX ona normal T+3 settlement basis 23 December 2009==================================================================All dates are indicative only and may change without notice.
The Boards of both Atlas and Warwick welcome the Court's approval of the Merger and look forward to the ongoing success of the merged company.
About Atlas Iron Limited
Atlas Iron Limited (ASX:AGO) is an independent Australian iron ore company, mining and exporting Direct Shipping Ore (DSO) from its operations in the Northern Pilbara region of Western Australia. Since listing on the ASX in late 2004, Atlas has grown rapidly and is now a member of the ASX100 index.
| ||
|
