R/€ = 20.00 Change: 0.16
R/$ = 18.38 Change: 0.28
Au 1653.17 $/oz Change: 22.12
Pt 738.90 $/oz Change: 2.48
 
 
R/€ = 20.00 Change: 0.16
R/$ = 18.38 Change: 0.28
Au 1653.17 $/oz Change: 22.12
Pt 738.90 $/oz Change: 2.48
 
 
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TerraCom warns of Universal de-list plans

25th March 2020 BY: Esmarie Iannucci
Creamer Media Senior Deputy Editor: Australasia

PERTH (miningweekly.com) – ASX-listed TerraCom has increased its voting rights in takeover target Universal Coal to 87% as the deadline for the takeover offer looms.

The suitor previously said that should it gain a shareholding of more than 75%, but less than 90% of Universal by the end of the offer period, the company would consider applying to the ASX to have Universal delisted, or would consider whether it was appropriate to maintain a listing on the Australian bourse.

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TerraCom on Wednesday said that given its current acceptance levels, the company would apply to the ASX to have Universal delisted.

TerraCom’s offer for Universal will close on March 25. 

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EDITED BY: Creamer Media Reporter
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