| MEO: MEO receives $400,000 Reimbursement Fee from Neon | |
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March 15, 2007
MEO Australia Limited
ABN 43 066 447 952
Tel: +61 3 8625 6000
Level 20 Fax: +61 3 9614 0660
500 Collins Street Email: [email protected]
Melbourne Victoria 3000 Australia Website: www.meoaustralia.com.au
ASX RELEASE
24 December 2014
MEO receives $400,000 Reimbursement Fee from Neon
MEO Australia Limited (ASX:MEO) (MEO) confirms that it has received from Neon Energy Limited (ASX:NEN) (Neon) the Reimbursement Fee of $400,000 due and payable under the Merger Implementation Agreement (MIA). The Reimbursement Fee is a fee payable to MEO pursuant the MIA in circumstances where one or more Neon directors recommend that Neon shareholders accept a Competing Proposal of any kind.
MEO considers the MIA to be terminated and will not proceed with the Proposed Scheme.
Mr Greg Short
Non-Executive Chairman
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MEO Australia
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CODE : MEO.AX |
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MEO Australia is a and oil exploration company based in Australia. MEO Australia is listed in Australia and in United States of America. Its market capitalisation is AU$ 25.7 millions as of today (US$ 19.8 millions, € 17.9 millions). Its stock quote reached its highest recent level on November 19, 2010 at AU$ 0.62, and its lowest recent point on January 29, 2016 at AU$ 0.01. MEO Australia has 953 240 000 shares outstanding. |