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Why Clean Seas Shareholders Must Rethink Yumbah Scrip After $28M Impairment
3:21pm on Wednesday 18th of June, 2025 AEST
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Aquaculture
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Why Clean Seas Shareholders Must Rethink Yumbah Scrip After $28M Impairment
3:21pm on Wednesday 18th of June, 2025 AEST
Key Points
Yumbah plans $23M-$28M impairment on abalone assets
Revised scrip alternative ratio – 1 Yumbah share per 2.8571 Clean Seas shares
Default cash consideration remains $0.14 per Clean Seas share
Scheme meeting rescheduled to 8 July 2025
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