Brief: M8 Sustainable Updates On Unsolicited Proportional Off-Market Takeover Bid
25/01/2023 01:25
Jan 25 (Reuters) - M8 Sustainable Ltd M8S.AX :
* RECEIPT OF INTENTION TO MAKE UNSOLICITED PROPORTIONAL
OFF-MARKET
TAKEOVER BID FROM ADROIT CAPITAL GROUP ESG
* M8S BOARD WILL CONSIDER UNSOLICITED OFFER
* ADROIT INTENDS TO OFFER A$0.014 PER M8S SHARE REDUCED BY
ANY
DIVIDENDS OR DISTRIBUTIONS DECLARED
* BID TO ACQUIRE 1 OUT OF EVERY 5 ORDINARY SHARES OF M8S NOT
CURRENTLY OWNED BY ADROIT OR ITS ASSOCIATES
Source text for Eikon: ID:nASX66MDw2
Further company coverage: M8S.AX
((Reuters.Briefs@thomsonreuters.com;))
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