Brief: Wellcom Group Enters Scheme Implementation Deed With Innocean Worldwide

Innocean Worldwide

31/07/2019 11:03

July 31 (Reuters) - Wellcom Group Ltd  WLL.AX :
    * ENTERED INTO A SCHEME IMPLEMENTATION DEED (SID) WITH
INNOCEAN
WORLDWIDE INC
    * INNOCEAN WILL ACQUIRE ALL OF ISSUED SHARE CAPITAL OF
WELLCOM FOR
$6.70 IN CASH PER SHARE
    * ACQUISITION EXCEPTS 15% OF WELLCOM SHARES HELD BY AN
ENTITY
RELATED TO WELLCOM'S CHAIRMAN
    * DIRECTORS OF WELLCOM UNANIMOUSLY RECOMMEND THAT WELLCOM
SHAREHOLDERS VOTE IN FAVOUR OF SCHEME

Source text for Eikon:  ID:nASXbwjy3L 
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 (Reuters.Briefs@thomsonreuters.com)