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Archive: 10/07/2019

New Zealand Oil & Gas Recommends Scheme of Arrangement With O.G. Oil & Gas at $0.62 Cash Per Share

Posted on 10 July 2019

  • Scheme price agreed at $0.62 per share in cash for all of the approximately 30 per cent of New Zealand Oil & Gas fully paid ordinary shares that O.G. Oil & Gas does not already own.
  • Price is a 25% premium to Tuesday’s closing price.
  • Independent directors unanimously recommend shareholders vote in favour of the scheme, subject to the independent adviser's report concluding that $0.62 per share is within or above its valuation range.

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