Centamin Plc issues an update on possible acquisition

  • Dec 18, 2019 GMT
  • Team Kalkine
 
  • The company had received a proposal from Endeavour Mining Corporation for acquiring all of its outstanding shares
  • On 10th December, both the parties have signed a non-disclosure agreement
  • Endeavour has now indicated that it would not share the necessary details for evaluation of the proposal by Centamin Plc, unless the company grants an extension to the PUSU deadline which happens to be on 31st December 2019
  • On 18th December 2019, the stock of CEY was trading at GBX 117.95 at GMT 09:44 AM, up 0.7 points or 0.60% from its previous close.

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