AEM offered to privatise CEI at $1.15 a share earlier this year, and acceptance of the offer crossed the 50% mark on 19 March, turning it unconditional and making CEI an indirect subsidiary of AEM.
Shareholders of printed circuit board maker CEI will not receive the company’s final dividend for FY2020 if they vote against the takeover of the company by AEM Holdings.
In an April 5 release, AEM announced that it will be voting against the upcoming Dividend Resolutions at CEI’s upcoming annual general meeting on April 19. The resolutions propose a one-tier tax-exempt third and final dividend of 0.4 cents per share and a one-tier tax-exempt and special dividend of 2.6 cents per share respectively.
