Newcrest enters into binding scheme implementation deed with newmont

Newcrest and newmont have reached agreement to proceed with a proposal for newmont to acquire 100% of the issued shares in newcrest by way of an australian scheme of arrangement newcrest board unanimously recommends shareholders vote in favour of the newmont transaction 1 transaction expected to establish a clear global leader in gold production by combining two of the world's largest producers, with a significant and growing exposure to copper newcrest shareholders to receive 0.400 newmont shares for each newcrest share held with newcrest additionally permitted to pay a franked special pre-completion dividend of up to us$1.10 per share 2 melbourne, australia--(newsfile corp. - may 14, 2023) - newcrest mining limited (asx: ncm) (tsx: ncm) (pngx: ncm) has entered into a binding scheme implementation deed (sid) with newmont corporation (newmont), in relation to a proposal for newmont to acquire 100% of the issued shares in newcrest by way of a scheme of arrangement (newmont transaction). under the terms of the newmont transaction, newcrest shareholders will be entitled to receive 0.400 newmont shares for each newcrest share held (scheme consideration).
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