Minco shares suspended as Dalradian takeover progresses

Minco’s shares were suspended from trading on AIM on Wednesday, after its shareholders voted to approve the scheme of arrangement that would implement the offer by Dalradian for all of the share capital of Minco on 26 July.

The AIM-traded firm confirmed the scheme would also see Minco’s wholly-owned subsidiary Buchans Resources demerged to Minco shareholders by way of a transfer in specie.

“Trading of Minco Shares on AIM has been suspended with effect from 0730 BST today … and cancellation of Minco Shares to trading on AIM is expected to take effect from 0700 on 31 August,” the board confirmed.

As announced by Minco on 28 July, the court hearing of the petition to sanction the scheme - including the acquisition reduction and the demerger reduction - was directed to be heard in the Commercial List of the Court sitting at the Four Courts, Inns Quay, Dublin on 28 August.”