Newcrest and Newmont enter into a legally binding scheme implementation deed

Newcrest Mining Limited (ASX: NCM) announced that it has entered into a binding scheme implementation deed (SID) with Newmont Corporation (Newmont) in relation to Newmont's proposal to acquire 100% of Newcrest's outstanding shares through a scheme of arrangement. Shareholders of Newcrest will be entitled to receive 0.400 Newmont shares for each Newcrest share they own under the terms of the Newmont Transaction.

Additionally, at or around the time the plan of arrangement is put into effect, Newcrest will be permitted to pay a franked special dividend of up to US$1.10 per share. The SID will allow the new combined group to increase diversification across a premier portfolio of gold and copper assets in low risk jurisdictions, increase flexibility in project sequencing and growth optionality.

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