Brief: Pacific Current Group Says Expect FY24 To Be A Watershed Year For Company

Pacific Current

25/08/2023 02:30

Aug 25 (Reuters) - Pacific Current Group Ltd  PAC.AX :
    * EXPECT FY24 TO BE A WATERSHED YEAR FOR COMPANY
    * PAC MANAGEMENT EXPECT FY24 TO BE A WATERSHED YEAR FOR
COMPANY
    * POST FISCAL YEAR-END, TWO FIRMS MADE PUBLIC STATEMENTS
EXPRESSING INTEREST IN ACQUIRING PAC
    * SEES A YEAR OF RECORD REVENUES AND PROFITS IN FY24
    * PAC BOARD RECEIVED AN UNSOLICITED OFFER FROM REGAL
PARTNERS TO
ACQUIRE PAC FOR A$10.77 PER SHARE
    * PROPOSED CONSIDERATION FOR PAC SHAREHOLDERS INCLUDED 75%
IN CASH
AND 25% IN GQG STOCK
    * ON 27 JULY, ONE OF PAC'S PORTFOLIO COMPANIES, GQG
PARTNERS,
ANNOUNCED ITS INTENTION TO MAKE AN ACQUISITION OFFER AS WELL
    * PAC ANTICIPATES MAKING FURTHER ANNOUNCEMENTS ON THIS TOPIC
DURING SEPTEMBER

Source text for Eikon:  ID:nASXzpXtM 
Further company coverage:  PAC.AX 

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