Brief: Genex Power Receives Non-Binding, Indicative And Conditional Proposal From J-Power

Genex Power

04/03/2024 01:15

March 4 (Reuters) - Genex Power Ltd  GNX.AX :
    * GENEX RECEIVES NON-BINDING, INDICATIVE AND CONDITIONAL
PROPOSAL
FROM J-POWER
    * SCHEME OF ARRANGEMENT FOR A$0.275 IN CASH PER GENEX SHARE
    * RECEIVED A NON-BINDING, INDICATIVE AND CONDITIONAL
PROPOSAL FROM
ELECTRIC POWER DEVELOPMENT CO
    * PROPOSAL TO ACQUIRE ALL ORDINARY SHARES ON ISSUE IN GENEX
POWER
THAT J-POWER AND ITS ASSOCIATES DO NOT ALREADY OWN
    * GENEX IBC UNANIMOUSLY DETERMINED THAT IT IS IN BEST
INTERESTS OF
GENEX SHAREHOLDERS TO PROGRESS INDICATIVE PROPOSAL


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