Imdex, Coretrack in $28.4m merger deal
Mining services company Imdex and drilling specialist Coretrack have agreed to a $28.4 million merger that will create an entity focused on the burgeoning oil and gas sector.
Under the deal, Imdex will issue 0.61 of its shares for every Coretrack share held, and issue a further 0.305 Imdex shares for every Coretrack listed option.
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BETA
Coretrack (CKK)
Total Shareholder Return as at 30/06/2012
| 1 year TSR | 5 year TSR | ||
|---|---|---|---|
| 199th | Queste Communications | -17% | -22% |
| 278th | Orion Equities | -31% | -31% |
| 354th | Grandbridge | -42% | -10% |
| 393rd | AnaeCo | -47% | 0% |
| 674th | Coretrack | -95% | -51% |
680 WA listed companies ranked by 1 year TSR relative to WA companies with similar revenue
Shareholding
| Trevor Beazley | 541,137 | ||
| Winton Willesee | 339,750 | ||
| Matthew Birney, MLA | 160,000 |
Number of shares
Share Transactions
Total value as at the date of the transaction
Revenue
| 111th |  | AnaeCo | $1.2m |
| 112th | | Queste Communications | $920k |
| 113th | | Coretrack | $870k |
| 114th |  | Orion Equities | $850k |
| 115th |  | Grandbridge | $830k |
166 WA listed industrial companies ranked by revenue
Remuneration from Coretrack
| 612th | Bernie Kelly | $316k |
| 1433rd | Matthew Birney, MLA | $85k |
| 489th | Winton Willesee | $64k |
Ranked by total remuneration from all listed WA companies
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