Brief: ESR Group Received Non-Binding, Conditional Proposal From Consortium Of Investors

ESR

13/05/2024 12:03

May 13 (Reuters) - ESR Group Ltd  1821.HK :
    * NOTED RECENT UNUSUAL MOVEMENT IN PRICE AND TRADING VOLUME
OF
SHARES
    * NOTED RECENT UNUSUAL MOVEMENT IN PRICE AND TRADING VOLUME
OF
SHARES
    * NOTED CERTAIN REPORTS IN MEDIA RECENTLY RELATING TO A
POSSIBLE
PRIVATISATION OF COMPANY.
    * RECEIVED A NON-BINDING AND CONDITIONAL PROPOSAL FROM A
CONSORTIUM OF INVESTORS
    * PROPOSAL IN RELATION TO A POSSIBLE PRIVATISATION OF
COMPANY
    * CONTRARY TO SPECULATION IN MEDIA, WARBURG PINCUS LLC IS
NOT A
MEMBER OF CONSORTIUM
    * UNDERSTANDS THAT WARBURG PINCUS ARE IN DISCUSSIONS WITH
CONSORTIUM
    * HAS FORMED AN INDEPENDENT BOARD COMMITTEE TO CONSIDER
INDICATIVE
PROPOSAL
    * CONSIDERATION OF INDICATIVE PROPOSAL IS AT A PRELIMINARY
STAGE
    * CONSORTIUM IS INTERESTED IN 15.7% OF TOTAL ISSUED SHARES
OF CO
    * NO CERTAINTY THAT INDICATIVE PROPOSAL WILL ULTIMATELY LEAD
TO AN
OFFER
    * APPLICATION BEEN MADE BY CO TO STOCK EXCHANGE FOR
RESUMPTION OF
TRADING IN SHARES ON STOCK EXCHANGE W.E.F 14 MAY 2024

Further company coverage:  1821.HK 

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