Application in Relation to Newmont Bid for Normandy
The Panel advises that it has commenced proceedings in an application by AngloGold in relation to the proposed bid by Newmont Mining for Normandy. The application is for a declaration of unacceptable circumstances under section 657A of the Corporations Act.
The Panel has decided to consider whether documents setting out the terms of the Plan of Arrangement, which Newmont and Franco-Nevada announced on 14 November had been agreed between them, should be disclosed to the market and to Normandy shareholders.