Brief: Orecorp Intends On Recommending Shareholders Accept Amended Proposal From Perseus

Orecorp

19/03/2024 22:11

March 20 (Reuters) - Orecorp Ltd  ORR.AX :
    * ORECORP RECEIVES CONDITIONAL OFFER FROM PERSEUS TO
INCREASE
OFFER CONSIDERATION
    * ORECORP HAS RECEIVED STATEMENTS OF INTENT FROM MAJOR
ORECORP
SHAREHOLDERS IN AGGREGATE HOLDING APPROXIMATELY 15.6% OF ORECORP
SHARES
    * RECEIVED STATEMENTS OF INTENT FROM MAJOR ORECORP
SHAREHOLDERS IN
AGGREGATE HOLDING APPROXIMATELY 15.6% OF ORECORP SHARES
    * PERSEUS TO INCREASE OFFER CONSIDERATION UNDER ITS EXISTING
OFF-MARKET TAKEOVER BID TO A$0.575 PER ORECORP SHARE
    * ORECORP BOARD INTENDS ON RECOMMENDING THAT ORECORP
SHAREHOLDERS
ACCEPT AMENDED PROPOSAL  IN ABSENCE OF A SUPERIOR PROPOSAL
    * PROPOSAL TO INCREASE OFFER CONSIDERATION UNDER ITS
EXISTING
OFF-MARKET TAKEOVER BID TO A$0.575 PER ORECORP SHARE
    * ORECORP HAS DETERMINED THAT AMENDED PROPOSAL IS A SUPERIOR
PROPOSAL


Further company coverage:  ORR.AX 

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