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Sundance Energy Australia Announces Board Recommending Re-Domiciliation And Listing In The US

11 Sep 2019  |  10:09:00  |  Associate analysts  |  Increase  |  Decrease  |  


Sundance Energy Australia announced its decision to re-domicile from Australia to the US via a proposed Scheme of Arrangement (the Scheme). If the Scheme of Arrangement is approved, the Company will transfer its primary listing to Nasdaq, and will cease to trade on the ASX. The Company's Board of Directors unanimously recommends that Company shareholders vote in favour of the Scheme of Arrangement. The Company has entered into a Scheme Implementation Agreement (SIA) with a newly formed US corporation (Holdco), which will become the ultimate parent company of the Group of companies following the implementation of the Scheme. The Company shareholders will be entitled to receive one share in Holdco for every 100 Company shares held by shareholders on the Scheme record date.

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