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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Forte Energy | LSE:FTE | London | Ordinary Share | AU000000FTE4 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0029 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMFTE BGL Shareholders Accept Offer Forte Energy NL AIM Release 13 January 2016 BGL Shareholders Accept Offer Further to its announcement on 7 January 2016, Forte Energy NL ("Forte" or "the Company") (AIM: FTE), is pleased to announce that shareholders of BOS GLOBAL Limited ("BGL") with a relevant interest in more than 90% of the remaining 49.7% of BGL shares not held by the DJ Family Trust ("DJFT") have accepted the offer from Forte to acquire their shares on the same terms as those provided to the DJFT (the "Offer"). With more than 90% of acceptances received, Forte will be in a position to compulsorily acquire any remaining shares pursuant to s661A of the Corporations Act once the conditions of the Offer have been satisfied. The conditions of the Offer were detailed in Forte's announcement made on 31 December 2015. The acquisition of BGL Shares by Forte (the "Acquisition") will be treated as a reverse takeover under the AIM Rules for Companies. Consequently the Acquisition will be subject to the approval of Forte shareholders and, following shareholder approval, the admission of the enlarged Forte to trading on AIM. Forte is preparing a notice of meeting to seek the approval of Forte shareholders for the Acquisition, and apply for admission to AIM as a business and financial technology ("FinTech") company. Trading in Forte's shares on AIM remains suspended pending publication of an admission document or termination of the Acquisition. The Company looks forward to providing further updates as the transaction progresses. Additionally the Company notes that the admission of 1,120,071,685 new shares in the Company, the allotment of which was announced on 6 January 2016, will be deferred until the restoration to trading of Forte's shares on AIM. For further information contact: Mark Reilly, Managing Director Forte Energy NL Tel: +61 (0) 8 9322 4071 Oliver Morse RFC Ambrian Ltd Tel: +61 (0) 8 9480 2500 (AIM Nominated Adviser to the Company) Forte Energy NL Suite 3, Level 3 1292 Hay Street West Perth WA 6005 Ph: +61 (0)8 9322 4071 Fax: +61 (0)8 9322 4073 Email: info@forteenergy.com.au Web: www.forteenergy.com.au Forte Energy NL
(END) Dow Jones Newswires
January 13, 2016 02:05 ET (07:05 GMT)
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