Brief: QANTM Intellectual Property Updates On Indicative Proposals From Adamantem, Rouse

Qantm Intellectual Property

14/03/2024 02:48

March 14 (Reuters) - QANTM Intellectual Property Ltd
 QIP.AX :
    * UPDATE ON INDICATIVE PROPOSALS FROM ADAMANTEM, ROUSE
    * AGREED TO GRANT EXCLUSIVE DUE DILIGENCE ACCESS TO
ADAMANTEM
CAPITAL (ADAMANTEM) IN RELATION TO PROPOSAL FOR ACQUISITION
    * AGREED TO GRANT EXCLUSIVE DUE DILIGENCE ACCESS TO
ADAMANTEM
CAPITAL
    * QANTM AND ADAMANTEM ENTERED INTO PROCESS DEED THAT
OUTLINES
BASIS OF DUE DILIGENCE AND EXCLUSIVITY ARRANGEMENTS
    * PROPOSAL FOR A$1.817 PER SHARE
    * CONSIDERS ADAMANTEM INDICATIVE PROPOSAL PROVIDES
ATTRACTIVE
PREMIUM FOR QANTM SHAREHOLDERS
    * QANTM, ROUSE AGREED TO TERMINATE THEIR EXCLUSIVITY
ARRANGEMENTS
AFTER ROUSE WITHDREW ITS NON-BINDING INDICATIVE PROPOSAL
    * NO CERTAINTY THAT ADAMANTEM INDICATIVE PROPOSAL WILL
RESULT IN
TRANSACTION
    * NO BREAK FEES ARE PAYABLE IN RELATION TO TERMINATION OF
SCHEME
OF ARRANGEMENT
    * SHAREHOLDERS DO NOT NEED TO TAKE ANY ACTION IN RELATION TO
ADAMANTEM INDICATIVE PROPOSAL

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