Drillsearch shareholders approve merger with Beach Energy

Drillsearch Energy Ltd.’s (ASX: DLS) shareholders have approved the scheme of arrangement to implement the proposed merger with Beach Energy Ltd. (ASX: BPT).  

The all-scrip merger allows Drillsearch shareholders to participate in the creation of the largest mid-cap oil and gas company listed on the ASX. Today, Drillsearch shareholders overwhelmingly supported the scheme with 99% of votes cast at the meeting, and 94% of shareholders voting, in favor of the merger.

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