Brief: Damstra Holdings Updates On Potential Control Transaction With Ideagen

Damstra Holdings

22/01/2024 01:20

Jan 22 (Reuters) - Damstra Holdings Ltd  DTC.AX :
    * UPDATE ON POTENTIAL CONTROL TRANSACTION WITH IDEAGEN
    * FOLLOWING PERIOD OF DUE DILIGENCE, IDEAGEN HAS REVISED ITS
OFFER
PRICE TO A$0.24 PER SHARE
    * AT THIS TIME, REVISED PROPOSAL IS NON-BINDING AND
CONDITIONAL
    * INDEPENDENT COMMITTEE OF DAMSTRA BOARD INTENDS TO
RECOMMEND
REVISED PROPOSAL TO ITS SHAREHOLDERS
    * NO CERTAINTY THAT BINDING TRANSACTION WILL PROCEED OR
EVENTUATE
AS RESULT OF REVISED PROPOSAL

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