Results of Offer to Cindrigo Shareholders
Challenger Acquisitions Limited (LSE: CHAL) is pleased to announce that, further to its announcement dated 1 September 2020 concerning the posting of an Offer Letter to certain shareholders of Cindrigo Energy Limited and prospective shareholders in Cindrigo Limited, it had by
the Closing Date of 1pm on 21 September received acceptances from prospective shareholders of Cindrigo Limited representing 73.94% of the shares.
The acceptance condition threshold of 50.1% has therefore been satisfied and Challenger and Cindrigo Limited will now continue to work together to satisfy the remaining conditions of the Offer, as referred to in the 1 September announcement, as soon as possible.
A copy of the announcement can be downloaded HERE