Business
Further Re Dart Energy
Further Re Dart Energy.
About this update from Star Energy Group Plc
[{"type":"text","content":"\n \nRNS Number : 0807N Igas Energy PLC 23 July 2014 \n \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM THE UNITED STATES AND ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION\n \n23 July 2014\n \nIGas Energy plc (\"IGas\" or \"the Company\")\nRECOMMENDED PROPOSED ACQUISITION OF DART ENERGY LIMITED BY IGAS - COURT APPROVES CONVENING OF SCHEME MEETING\nNOTICE OF AGM AND POSTING OF FINANCIAL REPORT FOR THE\nYEAR ENDED 31 MARCH 2014\nCourt Approval\nIn relation to the proposed recommended acquisition of Dart Energy Limited (\"Dart\") by IGas by way of Scheme of Arrangement (\"Scheme\"), as announced on 9 May 2014, today the Supreme Court of Queensland has ordered that a meeting of Dart shareholders be convened to consider and vote on the Scheme (\"Scheme Meeting\"). The Scheme Meeting will be held at 9.30am (AEST) on 1 September 2014. \nDart's directors have unanimously recommended that Dart shareholders vote in favour of the Scheme, in the absence of a superior proposal. Each Dart director intends to vote any shares held or controlled by them in favour of the Scheme, in the absence of a superior proposal.\nCompletion of the Scheme is anticipated to occur around the end of September.\nScheme Booklet\nThe Court also ordered that a Scheme Booklet, containing information in relation to the Scheme including the notice of meeting, be despatched to Dart shareholders. The Scheme Booklet will be sent to Dart shareholders after it has been lodged for registration with the Australian Securities and Investments Commission (\"ASIC\") and lodged with ASX. The Scheme Booklet will also be available via a link from the Company's website http://www.igasplc.com\nIndependent Expert's Conclusion\nDeloitte Corporate Finance Pty Limited (the \"Independent Expert\"), appointed by the Dart Board, has concluded that the Scheme is fair and reasonable and in the best interests of Dart shareholders. A copy of the Independent Expert's report is contained in the Scheme Booklet. \nBoard Appointment of Robert Neale\nAs previously announced on 9 May 2014, following implementation of the Scheme, Robert Neale, current Non-Executive Chairman of Dart, will join the IGas Board as a Non-Executive Director. In accordance with Schedule Four of the AIM R...