Independence Group to Provide Withdrawal Rights to Panoramic Shareholders

January 02, 2020 01:47 PM AEDT
Utkarsha Kalra

Manager, PR and Media Relations Utkarsha Kalra
5 Posts
Utkarsha comes with an experience of over 7 years in financial and management reporting in one of the big four consultancy firms. Her expertise lies in developing communication strategies for business development, stakeholder management, conflict man...

Independence Group NL (ASX: IGO) has reported to allow Panoramic shareholders to withdraw their acceptance. IGO had an off-market takeover bid to wholly-acquire Panoramic Resources Limited (ASX: PAN), which was lapsed late last month.

· PAN shareholders who had accepted the offer will have right to withdraw.

· Withdrawal process is expected to complete before 17 January 2020.

By 1:42 PM AEDT, IGO was trading at $6.19, down by 0.8 per cent from the previous close.

· PAN shareholders who had accepted the offer will have right to withdraw.

· Withdrawal process is expected to complete before 17 January 2020.

By 1:42 PM AEDT, IGO was trading at $6.19, down by 0.8 per cent from the previous close.

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