TPC Consolidated Limited (ASX:TPC) Updates Scheme Agreement
Agreement Update
TPC Consolidated Limited (ASX:TPC) has announced an amendment to its Scheme Implementation Agreement with Wollar Solar Holding Pty Ltd (WSH), a subsidiary of Beijing Energy International (Australia) Holding Pty Ltd. The amendment extends the Sunset Date for WSH to obtain Foreign Investment Review Board (FIRB) approval to 28 February 2025, pushing the deadline back from 15 December 2024.
Conditions and Next Steps
WSH is still in the process of awaiting FIRB’s decision. If FIRB approval is not received by the new date, or if any conditions precedent to the scheme are unmet by 31 May 2025, the parties may terminate the Scheme Implementation Agreement according to its terms. TPC has confirmed that shareholders do not need to take action at this time.
Authorisation
This announcement has been authorised by the Board of Directors of TPC Consolidated Limited.
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