Brief: Qoria Rejects Unsolicited Non-Binding Proposal From K1 Investment Management

Qoria

08/04/2024 02:38

April 8 (Reuters) - Qoria Ltd  QOR.AX :
    * QORIA REJECTS UNSOLICITED NON-BINDING PROPOSAL FROM K1
    * PROPOSAL FROM K1 INVESTMENT MANAGEMENT, LLC TO ACQUIRE
QORIA FOR
A$0.40 CASH PER QORIA SHARE
    * BOARD HAS CONCLUDED THAT INDICATIVE PROPOSAL SIGNIFICANTLY
UNDERVALUES QORIA
    * UNANIMOUSLY REJECTED INDICATIVE PROPOSAL AS NOT BEING IN
BEST
INTERESTS OF SHAREHOLDERS
    * BOARD DOES NOT INTEND TO ENGAGE WITH K1 IN RESPECT OF
INDICATIVE
PROPOSAL


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