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Independent Adviser(s): Simmons Corporate Finance (Rule 18)
Company Meeting Date: 24/09/2012
Chatham Rock Phosphate Limited (“CRP”) and Subsea Investments II, LLC (“Subsea”) entered into an investment agreement where Subsea:
As converting the loan would likely increase Subsea’s voting control in CRP to more than 20%, CRP sought shareholder approval to convert the loan, in accordance with the Takeovers Code.
All resolutions were passed at a special meeting of shareholders on 24 September 2012. Subsea’s shareholding in CRP subsequently increased to 28.8%.
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