Ampol Executes Binding Scheme Implementation Agreement to Acquire Z Energy

Source Press Release
Company Ampol LimitedZ Energy Ltd. 
Tags Corporate Deals, Deals, Refining & Marketing Activities
Date October 11, 2021

• Ampol has entered into a binding Scheme Implementation Agreement (SIA) to acquire 100% of Z Energy Limited for a cash offer price of NZ$3.78 per share pursuant to a court approved scheme of arrangement (Scheme)

• Ampol has agreed to Z Energy paying a dividend of NZ$0.05 cents per share with respect to the half year which ended 30 September 2021, whilst holding the Offer Price constant

• Z Energy’s Board of Directors have unanimously approved the transaction and recommended that Z Energy shareholders vote in favour of the transaction, subject to customary conditions

• The proposed acquisition is subject to a Z Energy shareholder vote, New Zealand High Court approval and regulatory approvals, including New Zealand Commerce Commission clearance and Overseas Investment Office approval

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