M&A
confidence high
sentiment positive
materiality 0.60
Gran Tierra posts scheme document for i3 Energy acquisition; shareholder meetings on 7 Oct 2024
GRAN TIERRA ENERGY INC.
- Scheme document published; Court Meeting and General Meeting set for 7 Oct 2024 at 1:00 pm and 1:15 pm London time.
- i3 Energy Directors unanimously recommend acquisition; irrevocable undertakings from holders of 32,139,532 i3 shares (~2.7%).
- Acquisition expected to become effective during Q4 2024; i3 shares to be cancelled from AIM and TSX after effective date.
- Consideration is cash and shares; New Gran Tierra Shares to be listed on LSE, NYSE American, and TSX.