Keaton Energy warns shareholders over possible acquisition

Keaton Energy warns shareholders over possible acquisition

Keaton Energy Holdings Limited might be acquired anytime soon. This possible transaction has warranted an a dealing alert to all its shareholders as regards trading in shares.

In an email statement to its shareholders, the company Keaton Energy said all its shareholders are referred to the cautionary announcements released on SENS on 24 November 2016 relating to the receipt of non-binding expressions of interest from various parties for the possible acquisition of the entire issued share capital of the company.

It concluded that the “The non-binding expressions of interests are still in the process of being considered. Accordingly, Keaton shareholders are advised to continue exercising caution when dealing in Keaton shares until a further announcement is made in this regard”.

Corporate information
Keaton Energy is a South African-based coal mining company with its ordinary shares listed for trading on the main board of the JSE under the share code KEH.