Brief: Pacific Smiles Receives Revised Non-Binding Indicative Proposal From Genesis Capital

Pacific Smiles

19/03/2024 24:21

March 19 (Reuters) - Pacific Smiles Group Ltd  PSQ.AX :
    * REVISED NON-BINDING INDICATIVE PROPOSAL FROM GENESIS
CAPITAL
    * DEAL FOR ACQUIRE ALL OF SHARES OF PACIFIC SMILES FOR
A$1.75 IN
CASH PER SHARE
    * PROPOSAL STATES GENESIS CAPITAL REMAINS INTERESTED IN
ALLOWING
CO SHAREHOLDERS OPPORTUNITY TO ROLL THEIR SHARES INTO UNLISTED
EQUITY
    * CURRENT INTENTION OF PACIFIC SMILES BOARD IS TO RECOMMEND
THAT
SHAREHOLDERS VOTE IN FAVOUR OF PROPOSED TRANSACTION
    * PACIFIC SMILES AND GENESIS CAPITAL HAVE ENTERED INTO
PROCESS
DEED WHICH PROVIDES FRAMEWORK FOR DUE DILIGENCE PROCESS


Further company coverage:  PSQ.AX 

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