- All scrip merger of equals between ROC and Horizon;
- Horizon shareholders to receive 0.724 ROC shares for each Horizon share;
- Merger to be implemented by a Horizon Scheme of Arrangement;
- Compelling rationale for combination;
- Mike Harding (current Chairman of ROC) will be Chairman of the merged group and Brent Emmett (current CEO of Horizon) will be CEO and Managing Director of the merged group. Fraser Ainsworth (current Chairman of Horizon) will be appointed as a Non-Executive Director of the merged group and Alan Linn (current CEO of ROC) will continue with the merged group in the role of President of ROC Oil Malaysia until April 2015;
- The proposed Merger has the unanimous support of both the ROC and Horizon Boards.
For further information please download PDF attached:
