Watpac shareholders vote on BESIX proposal

Company News

by Rachael Jones

Construction and mining services company Watpac (ASX:WTP) shareholders were today asked to vote on a proposed scheme of arrangement under which the BESIX Group would acquire 50 per cent of shares.

The Watpac Shares held by each shareholder have a cash consideration of $0.92 per Scheme Share.

In order for the resolution to be passed at least 75 per cent of the total number of votes cast on the resolution at the meeting by Watpac must be agreed on.

Shares in Watpac (ASX:WTP) last traded on 6 June 2018 at 79 cents

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