Brief: Alliance Aviation Services Enters A Scheme Implementation Deed With Qantas

Alliance Aviation Services

04/05/2022 23:56

May 5 (Reuters) - Alliance Aviation Services Ltd  AQZ.AX :
    * ENTERS A SCHEME IMPLEMENTATION DEED WITH QANTAS
    * CONSIDERATION IMPLIES AN EQUITY VALUE FOR ALLIANCE OF
A$764.5
MILLION
    * ALLIANCE DIRECTORS UNANIMOUSLY RECOMMEND THAT SHAREHOLDERS
VOTE
IN FAVOUR OF SCHEME
    * UNDER SID, CO PERMITTED TO DECLARE ONE OR MORE CASH
DIVIDENDS
PRIOR TO SCHEME BECOMING EFFECTIVE
    * IN ADDITION, IF SCHEME PROCESS IS LENGTHY, ALLIANCE IS
ALSO
ENTITLED TO PAY A SPECIAL CASH DIVIDEND

Source text for Eikon:  ID:nASX5pdMbV 
Further company coverage:  AQZ.AX 

 ((Reuters.Briefs@thomsonreuters.com;))