Brief: Mcgrath Enters Into Scheme Implementation Deed
24/03/2024 23:48
March 25 (Reuters) - Mcgrath Ltd MEA.AX :
* MCGRATH ENTERS INTO SCHEME IMPLEMENTATION DEED
* ENTERED INTO A SCHEME IMPLEMENTATION DEED WITH A
CONSORTIUM OF
KNIGHT FRANK AND BAYLEYS
* UNDER TERMS OF SCHEME, MCGRATH SHAREHOLDERS WILL HAVE
OPTION TO
RECEIVE A$0.60 CASH PER MCGRATH SHARE
* IN SCHEME IMPLEMENTATION CONSORTIUM TO ACQUIRE 100% OF
SHARE
CAPITAL OF MCGRATH BY WAY OF SCHEME OF ARRANGEMENT
* BOARD OF MCGRATH UNANIMOUSLY RECOMMENDS SHAREHOLDERS VOTE
IN
FAVOUR OF SCHEME
Further company coverage: MEA.AX
((Reuters.Briefs@thomsonreuters.com;))
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Brief: Mcgrath Enters Into Scheme Implementation Deed