Brief: Psc Insurance Group Enters Into Scheme Implementation Deed With Ardonagh

PSC Insurance

08/05/2024 10:38

May 8 (Reuters) - PSC Insurance Group Ltd  PSI.AX :
    * PSC INSURANCE ENTERS INTO SCHEME IMPLEMENTATION DEED WITH
ARDONAGH
    * WILL JOIN ARDONAGH GROUP PENDING SHAREHOLDER AND COURT
APPROVAL
OF A SCHEME OF ARRANGEMENT
    * PSC SHAREHOLDERS WILL RECEIVE A$6.19 PER PSC SHARE
    * PSC BOARD UNANIMOUSLY RECOMMEND SHAREHOLDERS VOTE IN
FAVOUR OF
SCHEME
    * ENTERED INTO A BINDING SCHEME IMPLEMENTATION DEED WITH
ROSEDALE
BIDCO PTY LTD
    * SCHEME CASH CONSIDERATION REPRESENTS AN IMPLIED EQUITY
VALUE OF
A$2,256 MILLION
    * SCHEME CASH CONSIDERATION REPRESENTS ENTERPRISE VALUE OF
A$2,429
MILLION

Further company coverage:  PSI.AX 

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