In an announcement to the Australian Securities Exchange, Beach said it planned to discuss the matter at a future Board meeting.
That meeting would have to follow the completion of the cash component of a non-renounceable entitlement offer, which was due to close at the end of business on 20 April and settle on 2 May.
The offer was part of a bid to raise A$345 million (US$356 million) for Beach’s future capital expenditure.
Cooper,
