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Why Rey Resources Urges Shareholders to Accept Vigorous Resources’ $0.028 Cash Offer
5:02pm on Tuesday 8th of July, 2025 AEST
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Energy
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Why Rey Resources Urges Shareholders to Accept Vigorous Resources’ $0.028 Cash Offer
5:02pm on Tuesday 8th of July, 2025 AEST
Key Points
Unconditional off-market takeover bid at $0.028 per share cash
Offer represents over 150% premium to REY’s recent trading prices
REY Board unanimously recommends acceptance absent a superior proposal
Vigorous Resources holds 16.1% stake and may compulsorily acquire remaining shares at 90% ownership
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