RE: Talison subsidiary redeems shares what does this mean and how does it affect current shareholders?
subsidiary of Talison Lithium Limited ("Talison" or the "Company") (TSX:TLH), announced today that May 31, 2012 has been established as the redemption date for all of the remaining outstanding exchangeable shares in the capital of Exchangeco. Callco has exercised its overriding redemption call right and will acquire all of the outstanding exchangeable shares on May 31, 2012.
Appreciate thoughts.