Brief: Ras Technology Enters Binding Scheme Implementation Deed With The Press Association
Mon 02:01
BRIEF-Ras Technology Enters Binding Scheme Implementation Deed With The Press Association Oct 19 (Reuters) - Ras Technology Holdings Ltd RTH.AX:
ENTERS BINDING SCHEME IMPLEMENTATION DEED WITH THE PRESS ASSOCIATION TO BUY 100% OF SHARES
SHAREHOLDERS TO RECEIVE A$1.04 CASH PER SHARE, 93% PREMIUM TO LAST CLOSING PRICE
SCHEME IMPLIES UNDILUTED EQUITY VALUE OF A$49.8 MILLION, ENTERPRISE VALUE OF A$45.6 MILLION
CO-FOUNDERS INTEND TO VOTE 34% OF SHARES IN FAVOUR OF SCHEME
Further company coverage: RTH.AX
((Reuters.Briefs@thomsonreuters.com;))
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