Centamin shareholders agree to restructuring
Shares in Centamin Egypt have fallen despite the majority of shareholders agreeing to a corporate restructure of the gold mining firm and its subsidiaries.
Shares in Centamin Egypt have fallen despite the majority of shareholders agreeing to a corporate restructure of the gold mining firm and its subsidiaries.
A new Jersey incorporated parent company, Centamin plc, will be put in place after the scheme was approved by 99.97% of the total votes cast on the resolution.
The scheme must also be approved by the Supreme Court of Western Australia, which is scheduled to consider the scheme at a court hearing on 20 December 2011.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The share price fell 4.87% to 88.95p by 14:00.
NR
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
The year trust became the currency in the art market
Opinion Collectors looking for accountability are turning to smaller dealers, says Sarah Ryan of New Blood Art
-
FCA could lift ban on crypto ETNs for UK retail investors
Some hope that the consultation could lead to a lifting of the ban on crypto ETF sales in the future