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Macmahon shareholders are expected to meet in July to consider the deal.

Macmahon, AMNT progress ‘transformational’ deal

Macmahon Holdings has finalised documentation for what is a potentially transformational deal with Indonesia's PT Amman Mineral Nusa Tenggara, two months after announcing a heads of agreement in the midst of a hostile takeover battle.

Under the deal, Macmahon will provide earthmoving and mining services for AMNT's Batu Hijau copper and gold mine, while the Indonesian company wil become its biggest shareholder.

Macmahon says the 14-year life-of-mine contract is expected to generate revenue of $US2.9 billion and materially improve earnings in the 2018 financial year.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/09/17

1 year TSR5 year TSR
89thNRW Holdings92%-6%
94thMacmahon Holdings87%-4%
126thVietnam Industrial Investments62%19%
168thFleetwood Corporation42%-22%
290thUnited Overseas Australia12%15%
719 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

13/10/17
$13k Sold
29/06/17
$21k Bought
13/06/17
$80k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

16th↓United Overseas Australia$425.5m
17th↓NRW Holdings$370.3m
18th↓Macmahon Holdings$366.5m
19th↑Fleetwood Corporation$330.1m
20th↓Vietnam Industrial Investments$315.5m
232 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Macmahon Holdings

659thJim Walker$178k
631stEva Skira$98k
1079thVyril Vella$98k
Ranked by total remuneration from all listed WA companies

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