Acta Investment Group Pty Ltd agreed to acquire 25% stake in Helix Resources Limited (ASX:HLX) for AUD 4.1 million on August 30, 2024. Acta Investment Group Pty Ltd entered into an agreement to acquire 25% stake in Helix Resources Limited (ASX:HLX) on December 23, 2024. A cash consideration valued at AUD 0.005 per share will be paid by Acta Investment Group Pty Ltd. The transaction will be financed through Acta Investment Group Pty Ltd internal cash reserve. The Board The board of Helix has advised its shareholders to take no action in response to this unsolicited and highly conditional offer. As on 23 December 2024, following acceptance under the Offer, Acta Investment Group Pty Ltd has a relevant interest In 555,547,891 Helix Resources Limited shares representing approximately 17.019% of Helix Resources Limited. Acta Investment Group Pty Ltd, together with its associate Nuevo, is currently the largest shareholders in Helix Resources Limited. Acta Investment Group Pty Ltd looks forward to receiving further acceptances and encourage all the Helix Resources Limited shareholders to accept the Offer. As of December 23, 2024, the board of Helix unanimously recommended the Helix shareholders to accept the Offer.
The offer will close on January 15, 2025. Hall & Wilcox Lawyers and Hamilton Locke Pty Ltd acted as legal advisor to Helix Resources Limited.
Acta Investment Group Pty Ltd completed the acquisition of 25% stake in Helix Resources Limited (ASX:HLX) on January 15, 2025
Acta Investment Group Pty Ltd completed the acquisition of 25% stake in Helix Resources Limited.
Published on 01/14/2025
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