Brief: Genex Power Responds To Media Speculation Regarding Status Of Discussions With Consortium

Genex Power

23/09/2022 01:21

Sept 23 (Reuters) - Genex Power Ltd  GNX.AX :
    * RESPONSE TO MEDIA SPECULATION REGARDING STATUS OF
DISCUSSIONS
WITH CONSORTIUM
    * NOTES THAT THERE IS NO CERTAINTY THAT CONSORTIUM WILL
PROVIDE A
FINAL OR BINDING PROPOSAL
    * HOWEVER, CONSORTIUM HAS NOT CONFIRMED TO GENEX THAT IT HAS
COMPLETED ITS DUE DILIGENCE OR OBTAINED COMMITTED FUNDING
    * DISCUSSIONS & NEGOTIATIONS BETWEEN CO AND CONSORTIUM
REGARDING
PROPOSED SCHEME HAVE BEEN CONSTRUCTIVE TO DATE AND ARE ONGOING
    * CONSORTIUM HAS NOT PROVIDED A BINDING OR FINAL PROPOSAL IN
RESPECT OF PROPOSED SCHEME TO BOARD

Source text for Eikon:  ID:nASX5mM5RY 
Further company coverage:  GNX.AX 
 ((Reuters.Briefs@thomsonreuters.com;))