BKY 5.36% 26.5¢ berkeley energia limited

change in shareholder structure

  1. 475 Posts.
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    I am not a holder of BKY but am invested in MEY.
    But here is some information which should interest you and wasnt published here or at Polo yet.

    Two days ago Polo and AREVA made a deal:

    Areva will give all their BKY shares 3.5 Mio to Polo.
    Furthermore they will exercise their 10.6 Mio options and give these shares to Polo as well.

    Polo will give their 47.56 MEY shares to AREVA and make a cash payment of 7.42 Mio AUD.

    Very interesting !!!

    1. AREVA is paying 0,195 AUD for a MEY share (that was a 85 % premium at the time of the announcement)

    2.Polo will become BKYs largest shareholder

    I think it is very strange,that this announcement was just before christmas and neither Polo nor BKY thought it was neccessary to inform the markets.
    Areva had to announce this,as they are now a substantial holder in MEY,with 10.5 % of the outstanding shares...
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