Brief: Costa Group Enters Scheme Implementation Agreement With Consortium Led By Paine Schwartz Partners

Costa group

21/09/2023 23:55

Sept 22 (Reuters) - Costa Group Holdings Ltd  CGC.AX :
    * ENTRY INTO SCHEME IMPLEMENTATION AGREEMENT
    * ENTERED INTO A SCHEME IMPLEMENTATION AGREEMENT WITH A
CONSORTIUM
LED BY PAINE SCHWARTZ PARTNERS
    * UNDER TERMS OF SCHEME, COSTA SHAREHOLDERS WILL BE ENTITLED
TO
RECEIVE CASH CONSIDERATION OF A$3.20 PER SHARE
    * DEAL FOR ACQUISITION OF ALL OF ISSUED SHARES IN COSTA
CONSORTIUM
DOES NOT ALREADY OWNFOR A$3.20 CASH PER SHARE
    * BOARD OF COSTA UNANIMOUSLY CONSIDERS SCHEME TO BE IN BEST
INTERESTS OF COSTA SHAREHOLDERS
    * IMPLEMENTATION OF SCHEME IS EXPECTED TO OCCUR IN Q1 OF
2024
    * COSTA DIRECTORS UNANIMOUSLY RECOMMEND SCHEME
    * SCHEME CONSIDERATION VALUES COSTA'S EQUITY AT
APPROXIMATELY
A$1,496 MILLION

Source text for Eikon:  ID:nASX7k89Ds 
Further company coverage:  CGC.AX 

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