Transcription of Paladin Explanatory Statement 22 December 2017 …
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Paladin Explanatory Statement 22 December 2017 …
Paladin ENERGY LTD (subject to a deed of company arrangement) ACN 061 681 098 Explanatory Statement 22 December 2017 This Explanatory Statement provides information to shareholders of Paladin Energy Ltd (subject to a deed of company arrangement) ( Paladin ) on a proposed capital restructure of Paladin (Proposed Restructure). The Proposed Restructure will be affected through a deed of company arrangement (DOCA) entered into by Paladin and the Deed Administrators (among others) on 8 December 2017 . If the DOCA is implemented, approximately 98% of the ordinary shares in Paladin will be transferred to certain creditors of Paladin and other investors in exchange for the extinguishment of the majority of Paladin s existing debts and the raising of US$115m in new funds.
3 1 Important Information 1.1 Purpose of this document This document is an Explanatory Statement issued by Paladin in connection with the DOCA.
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