Mosman makes takeover proposal for MEO Australia Limited (Scandinavian Oil-Gas Magazine)

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Mosman makes takeover proposal for MEO Australia Limited

Published Dec 12, 2014

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The Directors of Mosman Oil and Gas Limited says that Mosman proposes to make a takeover bid pursuant to Chapter 6 of the Australian Corporations Act 2001 (Cth) (Corporations Act) to acquire 100% of the fully paid ordinary shares in the issued capital of the ASX listed MEO Australia Limited (MEO) (the "Proposal").

Mosman informed the directors of MEO of the Proposal today. A copy of the letter to the MEO board is attached as Appendix A.

Proposal

Mosman intends to offer the MEO shareholders 1 AIM traded fully paid ordinary share in Mosman for every 20 ASX listed fully paid ordinary shares in MEO to acquire 100% of the share capital of MEO (the "Offer").

Tags: MEO Australia Limited, Mosman Oil and Gas Limited

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