Brief: Aquis Entertainment Announces Proposed Sale Of Casino Canberra Update

Aquis Entertainment

06/07/2022 02:18

July 6 (Reuters) - Aquis Entertainment Ltd  AQS.AX :
    * PROPOSED SALE OF CASINO CANBERRA UPDATE
    * ON 29 JUNE 2022, AQUIS RECEIVED AN UNSOLICITED OFFER TO
ACQUIRE
AQUIS CANBERRA FROM A THIRD PARTY
    * UNSOLICITED OFFER TO ACQUIRE AQUIS CANBERRA AT A PRICE
MATERIALLY HIGHER THAN A$52 MILLION
    * ADVISED OSCARS UNLESS IT WAS WILLING TO INCREASE ITS OFFER
ABOVE
UNSOLICITED OFFER INTENDED TO TERMINATE SALE DEAL WITH OSCARS
    * OSCARS AGREED TO INCREASE PRICE UNDER SALE AGREEMENT
BETWEEN
PARTIES TO A$58.2 MILLION
    * PARTIES HAVE NOW SIGNED AMENDING DEED TO SHARE PURCHASE
DEAL
    * INDEPENDENT DIRECTORS CONTINUE TO UNANIMOUSLY RECOMMEND
THAT
AQUIS SHAREHOLDERS VOTE IN FAVOUR OF PROPOSED SALE

Source text for Eikon:  ID:nASX2kM6B0 
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