Alumina Limited (ASX: $AWC) has taken note of Alcoa Corporation's preliminary second quarter 2024 results, released ahead of its Special Meeting of Stockholders scheduled for 16 July 2024 (Eastern Daylight Time), and the Alumina Scheme Meeting to be held on 18 July 2024. The information provided by Alcoa is preliminary and subject to change based on the completion of Alcoa's quarter end close processes. Alcoa is expected to announce its second quarter 2024 results on or around 17 July 2024, with any material changes to the preliminary results to be announced on ASX.
The information regarding Alcoa's preliminary second quarter 2024 results is crucial for Alumina Limited and its shareholders as it provides insights into the performance of the AWAC joint venture. It's important to note that the AWAC results cannot be directly inferred from the Alcoa earnings release, and Alcoa reports under US GAAP, unlike Alumina Limited. The forward-looking statements included in the announcement highlight the uncertainties and risks associated with the global economic conditions, alumina or aluminum industry conditions, and the markets served by AWAC. Alumina Limited emphasizes that the forward-looking statements are not guarantees of future performance and may be impacted by various factors beyond its control.
Alumina Limited (ASX: $AWC) has acknowledged Alcoa Corporation's preliminary second quarter 2024 results, which are subject to change based on the completion of Alcoa's quarter end close processes. The upcoming Alumina Scheme Meeting on 18 July 2024 is a significant event for the company and its shareholders. The announcement emphasizes the forward-looking nature of the statements and the associated risks, including changes in global economic conditions, industry dynamics, and market factors. Alumina Limited cautions against placing undue reliance on the forward-looking statements and disclaims any responsibility to update or revise them to reflect new information or changes in circumstances. The proposed implementation date of the Alcoa transaction is 1 August, as detailed in the Scheme Booklet released on 11 June 2024. Shareholders are advised to refer to Alumina's other periodic and continuous disclosure announcements for comprehensive information and to exercise caution when considering investment decisions.