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    Miclyn Express Offshore completes acquisition of Samson Maritime

    Company News // January 6, 2012

    Miclyn Express Offshore Limited has confirmed that it has completed the acquisition of Samson Maritime Holdings Pty Ltd .

    The final sale and purchase agreement was executed on 16 December 2011, with final settlement on 22 December 2011.

    The total consideration was A$24 million, settled with 70 per cent cash and 30 per cent newly issued MIO scrip.

    The scrip was issued at a price of A$1.87066, representing 30 day VWAP for the period up to the day before the execution of the agreement.

     

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