Brief: Genex Power Entered Binding Transaction Implementation Deed With Electric Power Development
12/04/2024 09:20
April 12 (Reuters) - Genex Power Ltd GNX.AX :
* ENTERED INTO BINDING TRANSACTION IMPLEMENTATION DEED WITH
ELECTRIC POWER DEVELOPMENT
* IN DEAL, J-POWER ACQUIRE ALL OF ORDINARY SHARES IN GENEX
THAT
J-POWER AND EXCLUDED GENEX SHAREHOLDERS DO NOT ALREADY OWN
* GENEX BOARD UNANIMOUSLY RECOMMENDS THAT SHAREHOLDERS VOTE
IN
FAVOUR OF SCHEME
* IN DEAL, J-POWER TO MAKE SIMULTANEOUS OFF-MARKET TAKEOVER
OFFER
FOR ALL OF GENEX SHARES FOR A$0.270 IN CASH PER GENEX SHARE
* IMPLIED ENTERPRISE VALUES BASED ON SCHEME CONSIDERATION OF
A$0.275 PER GENEX SHARE, TAKEOVER CONSIDERATION OF A$0.270 PER
GENEX SHARE
Further company coverage: GNX.AX
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