Australia's Locality Planning Energy jumps on sweetened offer from River Capital

Locality Planning Energy Holdings

19/06/2024 03:22

** Shares of Locality Planning Energy Holdings  LPE.AX  up
26.4% at A$0.115  
    ** Australia-based electricity provider gets sweetened offer
from River Capital
    ** River Capital raises its offer to A$0.105 from A$0.08,
offer now unconditional 
    ** New offer at a premium of over 208% to LPE's closing
price as at March 27, when River first bought its shares 
    ** Premium to last close of over 15%
    ** Stock has risen nearly threefold so far this year

 (Reporting by Prerna Bedi in Bengaluru)
 ((Prerna.Bedi@thomsonreuters.com; +91 98052 24616;))