Brief: Praemium Says Netwealth Proposal Undervalues Co

Praemium

02/11/2021 01:04

Nov 2 (Reuters) - Praemium Ltd  PPS.AX :
    * RECEIVED AN UNSOLICITED, NON-BINDING, INDICATIVE PROPOSAL
(PROPOSAL) FROM NETWEALTH LIMITED
    * - PROPOSAL UNDERVALUES PRAEMIUM'S BUSINESS AND IS NOT IN
BEST
INTERESTS OF PRAEMIUM SHAREHOLDERS.
    * PROPOSAL DOES NOT APPROPRIATELY VALUE PRAEMIUM'S CURRENT
PERFORMANCE AND NEAR-TERM TRAJECTORY
    * BOARD IS OPEN TO ENGAGEMENT AT AN APPROPRIATE VALUATION

Source text for Eikon:  ID:nASX9rcSPJ 
Further company coverage:  PPS.AX 

 ((Reuters.Briefs@thomsonreuters.com;))