Brief: QANTM Intellectual Property Responds To Media Speculation

Qantm Intellectual Property

27/02/2024 24:35

Feb 27 (Reuters) - QANTM Intellectual Property Ltd
 QIP.AX :
    * RESPONSE TO MEDIA SPECULATION
    * HAS RECEIVED A NON-BINDING INDICATIVE PROPOSAL FROM ROUSE
INTERNATIONAL HOLDINGS LIMITED
    * NON-BINDING INDICATIVE PROPOSAL IN RELATION TO A POTENTIAL
ACQUISITION OF ALL SHARES IN QANTM
    * QANTM BOARD RECOMMENDS THAT SHAREHOLDERS TAKE NO ACTION AT
THIS
TIME
    * AGREED TO ROUSE'S REQUEST TO CONDUCT DUE DILIGENCE WITH A
VIEW
TO PUTTING FORWARD A BINDING OFFER
    * NO CERTAINTY TRANSACTION CAPABLE OF BEING CONSIDERED BY
SHAREHOLDERS WILL EVENTUATE

Source text for Eikon:  ID:nASX51vRVg 
Further company coverage:  QIP.AX 

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