Brief: Senex Energy In Discussions With POSCO

Posco International

18/10/2021 01:22

Oct 18 (Reuters) - Senex Energy Ltd  SXY.AX :
    * ADVISES OF DISCUSSIONS WITH POSCO
    * IS IN DISCUSSIONS WITH POSCO INTERNATIONAL CORPORATION IN
RELATION TO A POTENTIAL CHANGE OF CONTROL TRANSACTION.
    * NOW AGREED TO EXTEND POSCO INTERNATIONAL'S EXCLUSIVITY
PERIOD TO
5 NOVEMBER 2021
    * BOARD BELIEVES IT IS IN BEST INTERESTS OF ITS SHAREHOLDERS
TO
CONTINUE TO ENGAGE WITH POSCO INTERNATIONAL
    * EXCLUSIVITY GRANTED FOR ADDITIONAL TIME TO ASSESS FURTHER
REVISED PROPOSAL AT PRICE HIGHER THAN A$4.40 PER SHARE
    * POSCO INTERNATIONAL INDICATED THAT IF TRANSACTION
PROCEEDS, IT
IS LIKELY HAPPEN VIA OFF-MARKET TAKEOVER OFFER

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