Brief: Link Administration Enters Scheme Implementation Deed With Mitsubishi UFJ Trust And Banking Corp

Link Administration Holdings

17/12/2023 21:32

Dec 18 (Reuters) - Link Administration Holdings Ltd
 LNK.AX :
    * LINK GROUP ENTERS INTO SCHEME IMPLEMENTATION DEED
    * HAS ENTERED INTO A SCHEME IMPLEMENTATION DEED WITH
MITSUBISHI
UFJ TRUST & BANKING CORPORATION
    * UNDER DEAL TRUST BANK HAS AGREED TO ACQUIRE 100% OF SHARES
IN
LINK GROUP BY WAY OF A SCHEME OF ARRANGEMENT
    * IF SCHEME IS APPROVED, LINK GROUP SHAREHOLDERS WILL
RECEIVE
A$2.10 CASH PER LINK GROUP SHARE UNDER SCHEME
    * IN TOTAL, LINK GROUP SHAREHOLDERS ARE EXPECTED TO RECEIVE
A$2.26
PER LINK GROUP SHARE IN CASH IF SCHEME IS APPROVED
    * IF SCHEME IS APPROVED A DIVIDEND OF A$0.16 CASH PER LINK
GROUP
SHARE EXPECTED TO BE PAID BY LINK GROUP
    * BOARD UNANIMOUSLY RECOMMENDS THAT LINK GROUP SHAREHOLDERS
VOTE
IN FAVOUR OF SCHEME IN ABSENCE OF A SUPERIOR PROPOSAL
    * VALUES LINK GROUP EQUITY AT A$1.2 BILLION AND IMPLIES AN
ENTERPRISE VALUE OF A$2.1 BILLION
    * LINK GROUP SHAREHOLDERS WILL BE GIVEN OPPORTUNITY TO VOTE
ON
SCHEME AT SCHEME MEETING, CURRENTLY EXPECTED TO BE HELD IN MAY
2024
    * SCHEME IS EXPECTED TO BE IMPLEMENTED IN JUNE 2024

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