IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

Arun has over 15 years’ experience covering the Technology sector. During this time, he has worked with technology start-ups and as an equity analyst in investment banks and independent research firms. He was formerly a Technology Analyst for Canaccord Genuity, Altium Securities, Espirito Santo Investment Bank, Noble Group and Clear Capital. He has a dual Master’s degree in Financial Engineering and Industrial and Operations Engineering from the University of Michigan. He obtained his Bachelor’s degree in Mechanical Engineering from the Indian Institute of Technology, Bombay. He is also a CFA charterholder.

IPOs and Catalysts/Events

Weekly Deals Digest (07 Jun) - Kakaku, Edion/ Yamada, Shinko Shoji, MGM China, Atlas Arteria, Cygnus

Merger Arb Mondays (08 Jun) - ENN, Con Aero, Skyworth, Kakaku, Shinko Shoji, Cygnus, Tourism Hldgs

Cygnus Metals (CY5 AU): Scheme Vote on 18 September

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Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/cygnus-metals-limited" target="_blank" data-smartkarma-citation="entities:30504:1" rel="noopener">Cygnus Metals (CY5 AU)</a> entered a SID with <a href="https://www.smartkarma.com/entities/central-asia-metals-plc" target="_blank" data-smartkarma-citation="entities:23521:1" rel="noopener">Central Asia Metals (CAML LN)</a> at 0.06 CAML Shares per Cygnus share. The implied value is A$0.176, 60% premium to the undisturbed price.</li>
<li>The key conditions are Cygnus shareholder (scheme vote), regulatory and CAML shareholder (ordinary resolution to approve issue of new shares) approvals.</li>
<li>The scheme vote is low risk due to an attractive exchange ratio and significant irrevocables (28.63% of the outstanding shares). This is a done deal.</li>
</ul>



Cygnus Metals (CY5 AU) entered a SID with Central Asia Metals (CAML LN) at 0.06 CAML Shares per Cygnus share. The implied value is A$0.176, 60% premium to the undisturbed price.
The key conditions are Cygnus shareholder (scheme vote), regulatory and CAML shareholder (ordinary resolution to approve issue of new shares) approvals.
The scheme vote is low risk due to an attractive exchange ratio and significant irrevocables (28.63% of the outstanding shares). This is a done deal.


Cygnus Metals (CY5 AU): CAML’s Binding Offer a Done Deal