Odey

R.E.A. Holdings plc: Notification of Major Holdings

Retrieved on: 
Tuesday, July 5, 2022
Odey, Security (finance)

1.

Key Points: 
  • 1.
  • Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.
  • This is mainly due to a revised share capital of REAH along with purchases made by Odey.
  • This filing corrects that made previously, before the extent of the capital changes by the issuer had been completely appreciated.

Odey Asset Management calls on IGO Ltd to either raise the Western Areas takeover deal value to match the uplift offered, through a Joint Venture participation, to 9.8% shareholder Wyloo Metals, or to disband the Joint Venture which appears to Odey to be

Retrieved on: 
Monday, March 28, 2022
Well, Cosmos, Net present value, Nickel, Odey, Joint venture, LLP, Net, Financial Review Rich List, Chapter Six, Norilsk Nickel, Probability, Crispin Odey, Court, Murrin Murrin Joint Venture, 70/30 Productions, Enterprise value, BHP, Thought, Metal, NPV, ASIC, 1997 Constitution of Fiji: Chapter 6, Acquisition, Holding company, Auction, Renewable energy, Security (finance), Risk management, Western Area Power Administration, IGO, Wyloo

LONDON, March 28, 2022 (GLOBE NEWSWIRE) --

Key Points: 
  • The shareholders of Western Areas include Wyloo Metals (Wyloo) which owns a 9.8% stake2 and Odey Asset Management LLP (Odey), which owns a 1.0% stake3.
  • As such, Odey believes that the benefit being offered to Wyloo has properties likely to induce Wyloo, by financial incentive, to accept the offer for Western Areas.
  • The value offered to all shareholders for IGOs proposed takeover of Western Areas must then be raised by this same percentage in cash.
  • Odey also encourages other Western Areas shareholders to make their views clear to both Western Areas, and to IGO, regarding the information in this press release.