Court Approves Scheme for Tullow's Acquisition of Hardman

Hardman Resources Limited said that the Federal Court of Australia on Tuesday issued Orders approving the Scheme of Arrangement relating to the proposed acquisition of Hardman by Tullow Oil plc. Hardman shareholders (excluding Tullow Oil plc) had agreed to the acquisition at a general meeting on Monday.

The Scheme will become effective once a copy of the Court Orders referred to above are lodged by Hardman on Wednesday with the Australian Securities and Investments Commission.

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