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Brief: Ingenia Rejects Revised Non Binding Indicative Offer

BRIEF-Ingenia Rejects Revised Non Binding Indicative Offer

- Ingenia Communities Group INA.AX:

  • INGENIA REJECTS REVISED NON BINDING INDICATIVE OFFER

  • RECEIVES REVISED NON-BINDING INDICATIVE PROPOSAL AT A$5.05 CASH PER STAPLED SECURITY

  • REVISED PROPOSAL FOLLOWS EARLIER OFFER AT A$4.75 PER STAPLED SECURITY

  • BOARD REMAINS OPEN TO PROPOSALS REPRESENTING COMPELLING VALUE

  • BOARD DETERMINES REVISED PROPOSAL NOT IN SECURITYHOLDERS' BEST INTERESTS

  • SECURITYHOLDERS DO NOT NEED TO TAKE ACTION REGARDING REVISED PROPOSAL


Further company coverage: INA.AX


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

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