GrainCorp (ASX:GNC) demerger of United Malt Group commenced

Company News

by Rachael Jones

GrainCorp (ASX:GNC) is pleased to announce that the demerger of United Malt Group was implemented today and shares in United Malt have been transferred to Eligible GrainCorp Shareholders.

United Malt shares will start trading on the ASX on a normal settlement basis tomorrow (Thursday, 2 April 2020.).

UMG’s share register is managed by Link Market Services Limited (Link). 

Shares in GrainCorp (ASX:GNC) are trading 1 per cent higher at $3.12
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.