News and Announcements
Major Shareholder in Scandinavian Resources Intend Accepting Hannans Reward’s Takeover Offer
- Published March 20, 2012 4:00PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Equity & Royalty Investments Ltd and Craton Capital Fund, two of Scandinavian Resources Ltd (SCR) largest shareholders have advised the independent directors of Hannans Reward Ltd (Hannans) that they will accept Hannans’ takeover Offer for SCR shares in respect of all shares that they hold, in the absence of a superior offer.
Equity & Royalty Investments Ltd holds 20.0 million shares and Craton Capital Fund holds 12.2 million shares in SCR, representing 17.5% and 10.6% respectively of the ordinary shares.
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