Centamin shareholders agree to restructuring

14th Dec 2011 13:52

Shares in Centamin Egypt have fallen despite the majority of shareholders agreeing to a corporate restructure of the gold mining firm and its subsidiaries. A new Jersey incorporated parent company, Centamin plc, will be put in place after the scheme was approved by 99.97% of the total votes cast on the resolution. The scheme must also be approved by the Supreme Court of Western Australia, which is scheduled to consider the scheme at a court hearing on 20 December 2011. The share price fell 4.87% to 88.95p by 14:00. NR