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Sirius Minerals shares suspended, ahead of acquisition by Anglo American

Sirius Minerals' existence as an independent entity is about to come to an end

Sirius Minerals PLC -

Sirius Minerals PLC (LON:SXX) saw trading in its shares suspended as at 7:30am on Monday 16 March 2020.

The suspension comes ahead of the implementation of the acquisition of the company by Anglo American (LON:AAL), which is due on 17 March, and on which date the shares will be cancelled.

The acquisition is being implemented by means of a court-sanctioned scheme of arrangement under Part 26 of the Companies Act, details of which was contained in a document sent to Sirius Shareholders on 7 February.

The deal was officially sanctioned by the court on 13 March.

Quick facts: Sirius Minerals PLC

Price: 5.49 GBX

LSE:SXX
Market: LSE
Market Cap: £385.41 m
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