🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

BRIEF-Synthesis Energy Systems To Acquire Australian Future Energy

Published 11/10/2019, 09:14 am
Updated 11/10/2019, 09:20 am
© Reuters.  BRIEF-Synthesis Energy Systems To Acquire Australian Future Energy
SYNE
-

Oct 10 (Reuters) - Synthesis Energy Systems Inc SES.O :

* SYNTHESIS ENERGY SYSTEMS TO ACQUIRE AUSTRALIAN FUTURE ENERGY

* SYNTHESIS ENERGY SYSTEMS INC - OFFER TO ACQUIRE 100% OF BATCHFIRE RESOURCES, WITH MINIMUM ACCEPTANCE LEVEL SET AT 25%

* SYNTHESIS ENERGY SYSTEMS INC - AFE WILL BECOME A WHOLLY OWNED SUBSIDIARY OF SES

* SYNTHESIS ENERGY SYSTEMS INC - MUTUALLY AGREED PURCHASE VALUE OF AFE IS APPROXIMATELY $US 36 MILLION

* SYNTHESIS ENERGY SYSTEMS INC - WILL ISSUE 3.9 MILLION NEW SHARES OF COMMON STOCK FOR ACQUISITION OF AFE

* SYNTHESIS ENERGY - OFFER VALUES 100% OF BATCHFIRE AT ABOUT $US 80 MILLION

* SYNTHESIS ENERGY SYSTEMS - EACH HOLDER OF AFE ORDINARY SHARES WILL RECEIVE 1 SHARE OF CO FOR ABOUT EACH 24.44 AFE SHARE

* SYNTHESIS ENERGY SYSTEMS INC - AS PART OF TRANSACTION, KERRY PARKER, CURRENT CEO OF AFE, WILL BE APPOINTED AS PRESIDENT AND CEO OF SES

* SYNTHESIS ENERGY SYSTEMS INC - EDEK CHOROS, STEPHEN LONIE, RICHARD BARKER WILL BE APPOINTED TO BOARD

* SYNTHESIS ENERGY SYSTEMS INC - ROBERT RIGDON, WILL REMAIN ON BOARD

* SYNTHESIS ENERGY SYSTEMS - BOARD OF DIRECTORS IS EXPECTED TO APPOINT ONE OR MORE ADDITIONAL, INDEPENDENT DIRECTORS AFTER TRANSACTION

* SYNTHESIS ENERGY SYSTEMS INC - ALL OTHER CURRENT DIRECTORS OF SES WILL RESIGN THEIR POSITIONS AT MERGER CLOSING

* SYNTHESIS ENERGY SYSTEMS INC - AN APPOINTMENT OF A NEW CHIEF FINANCIAL OFFICER FOR SES WILL BE NAMED AT, OR PRIOR TO, CLOSING

* SYNTHESIS ENERGY SYSTEMS INC - SIGNED A DEFINITIVE MERGER AGREEMENT WITH AUSTRALIAN FUTURE ENERGY PTY LTD, A PRIVATE COMPANY IN BRISBANE

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.