Tag: scheme

Scheme of Arrangement

Posted on 9 October 2019

The High Court has varied the original orders granted in relation to the proposed scheme of arrangement with O.G. Oil & Gas.

The variation postpones the court hearing to consider approval of the scheme to 3 December 2019. A copy of the amendment to the orders is attached.

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Scheme Of Arrangement

Posted on 8 October 2019

• Scheme price increased to 74 cents per share
• You can change your vote
• The scheme price will not be increased further.

The price being offered to minority shareholders under the proposed scheme of arrangement with O.G. Oil & Gas has been increased. The price increase was notified by OGOG following an approach from the independent directors of New Zealand Oil & Gas. OGOG is increasing the price on a “last and final” basis.

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Special Meeting - Independent Directors Unanimously Recommend Scheme Of Arrangement

Posted on 9 September 2019

A special meeting of New Zealand Oil & Gas shareholders will be held on Wednesday, 16 October to vote on a court-approved scheme of arrangement.

O.G. Oil & Gas (Singapore) Pte. Ltd. proposes to acquire all the shares in New Zealand Oil & Gas that it does not already own for a cash payment of NZ$0.62 per fully paid ordinary share.

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