Brief: Instem Plc Announces Recommended Cash Offer By Ichor Management Ltd For Co

Instem

30/08/2023 07:09

Aug 30 (Reuters) - Instem PLC  INS.L :
    * INSTEM PLC  - RECOMMENDED CASH OFFER
    * INSTEM PLC - RECOMMENDED CASH OFFER BY ICHOR MANAGEMENT
LIMITED
FOR INSTEM PLC
    * INSTEM PLC - UNDER TERMS OF ACQUISITION, EACH INSTEM
SHAREHOLDER
WILL BE ENTITLED TO RECEIVE: 833 PENCE IN CASH PER INSTEM SHARE
    * INSTEM PLC - ACQUISITION VALUES ENTIRE ISSUED AND TO BE
ISSUED
ORDINARY SHARE CAPITAL OF INSTEM AT APPROXIMATELY £203 MILLION.
    * INSTEM PLC -  INTEND TO RECOMMEND UNANIMOUSLY THAT INSTEM
SHAREHOLDERS VOTE IN FAVOUR OF SCHEME

Source text for Eikon:  ID:nRSd7281Ka 
Further company coverage:  INS.L 

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