Gloucester Coal Limited : Supreme Court of Victoria approves Merger Proposal
06/13/2012| 10:12am US/Eastern
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MARKET RELEASE 13 June 2012
ABN 66 008 881 712
Level 7, 167 Macquarie Street
Sydney NSW 2000 Australia
Telephone: +612 9220 9900
Facsimile: +612
9220 9999 www.gloucestercoal.com.au
Supreme Court of Victoria approves Merger Proposal
Gloucester Coal Ltd (ASX:GCL) ("Gloucester") is
pleased to announce that the Supreme Court of Victoria
("Court") has today made orders approving the
scheme of arrangement for the proposed merger of Gloucester
and Yancoal Australia Limited ("Scheme").
It is expected that a copy of the Court's orders will be
lodged with the Australian Securities and Investments
Commission on Wednesday, 27 June 2012, at which time the
Scheme will become legally effective. If this occurs,
Gloucester's shares will be suspended from trading at
the close of trading on ASX on Wednesday, 27 June 2012.
Scheme Consideration
Gloucester shareholders who hold shares on the Scheme Record
Date (expected to be
7.00pm on Wednesday, 4 July 2012) will be entitled to receive
the Scheme Consideration (in accordance with the terms of the
Scheme as set out in Appendix 3 to the Explanatory Booklet
dated Friday, 27 April 2012). Holding statements detailing
eligible Gloucester shareholders' entitlements to
Yancoal Securities are expected to be dispatched shortly
after the Implementation Date (expected to be Friday, 6 July
2012).
For Further Information
Media contact Investor contact
Sue Cato Marie Festa
+61 419 282 319 +61 405 494 705
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