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Stellar Diamonds Gains Court Approval To Be Acquired By Newfield (ALLISS)
LONDON (Alliance News) - Stellar Diamonds PLC said on Thursday the scheme for its acquisition by Newfield Resources Ltd has become effective with its sanction by the Court on Wednesday.
Asa result, Stellar shares will be suspended on AIM on Friday morning with the cancellation of shares expected next Monday.
Shares in Stellar Diamonds closed down 6.8% at 5.12 pence on Thursday.
In February Newfield made an offer to acquire Stellar Diamonds for 0.7622 Newfield shares per Stellar share, valuing the company at GBP7.7 million, based on its AUD0.29 per share closing price in Australia at the beginning of March.
Latest STEL News
- Stellar Diamonds Shareholders Vote To Approve Acquistion By Newfield
19 Apr 2018 - Stellar Diamonds Confirms Terms Of Newfield Resources Takeover Offer
12 Mar 2018 - Angus Energy Buys Stake In Holmwood Prospect From Europa Oil (ALLISS)
6 Feb 2017 - Stellar Diamonds doubles FY loss, pursues transformational deal
22 Dec 2016 - Stellar Diamonds signs JVs for Guinea and Liberia projects
9 Nov 2016 - Stellar Diamonds to acquire Octea Mining's Tonguma project in reverse take-over
22 Aug 2016 - Monday newspaper round-up: Brexit chaos, Nigeria oil, house prices, ITV-ETO
22 Aug 2016
Related News
Stellar Diamonds Shareholders Vote To Approve Acquistion By Newfield
LONDON (Alliance News) - Stellar Diamonds PLC said Thursday that at a general meeting Thursday all the resolutions were passed by more than 99% majori...
Stellar Diamonds Confirms Terms Of Newfield Resources Takeover Offer
LONDON (Alliance News) - Shares in Stellar Diamonds PLC soared on Monday as the company said it has agreed final terms on the offer for the company by...
Stellar Diamonds News
Stellar Diamonds Gains Court Approval To Be Acquired By Newfield (ALLISS)
LONDON (Alliance News) - Stellar Diamonds PLC said on Thursday the scheme for its acquisition by Newfield Resources Ltd has become effective with its ...
Stellar Diamonds Shareholders Vote To Approve Acquistion By Newfield
LONDON (Alliance News) - Stellar Diamonds PLC said Thursday that at a general meeting Thursday all the resolutions were passed by more than 99% majori...
Stellar Diamonds Confirms Terms Of Newfield Resources Takeover Offer
LONDON (Alliance News) - Shares in Stellar Diamonds PLC soared on Monday as the company said it has agreed final terms on the offer for the company by...
Stellar Diamonds doubles FY loss, pursues transformational deal
(ShareCast News) - Stellar Diamonds has more than doubled its full-year pre-tax loss due to a significant rise in the impairment of intangibles, and s...
Stellar Diamonds signs JVs for Guinea and Liberia projects
(ShareCast News) - AIM-listed Stellar Diamonds has agreed to joint ventures with Dubai-based Citigate Commodities Trading, over the miner's kimberlite...
Stellar Diamonds to acquire Octea Mining's Tonguma project in reverse take-over
(ShareCast News) - Stellar Diamonds announced that it would combine its operations in Sierra Leone to create the second-largest diamond mining operati...
Monday newspaper round-up: Brexit chaos, Nigeria oil, house prices, ITV-ETO
(ShareCast News) - Leaving the EU may not not happen anytime soon given that civil servants charged with the task don't yet have an office and hold me...
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