LONDON (Alliance News) - Worthington Group PLC said Thursday that it has requested a 42-day extension to the time by which Nuna Minerals AS must either announce a firm intention to make an offer for the company, or walk away.
The deadline has now been extended to September 18. This the third time the deadline has been extended, it was first extended in June to July 10, and then again in July to August 7.
Nuna Minerals is in talks to obtain so-called 'rescue' refinancing from Greenland Mining Management Ltd with a view to then subsequently making an offer for Worthington.
The company said it understands "progress is continuing to be made in relation to the proposed refinancing of Nuna by Greenland Mining Management Ltd."
Shares in Worthington remain suspended.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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Worthington Grp (WRN)