Brief: Readytech Announces Updates On Proposal From Funds Manage By Pacific Equity Partners

Readytech Holdings

29/11/2022 23:05

Nov 30 (Reuters) - Readytech Holdings Ltd  RDY.AX :
    * UPDATES ON NON-BINDING INDICATIVE PROPOSAL FROM FUNDS
MANAGE BY
PACIFIC EQUITY PARTNERS
    * HAS NOW RECEIVED UPDATED PROPOSAL FROM PEP ADVISING THAT
PEP HAS
DETERMINED TO WITHDRAW RELIEF APPLICATION TO ASIC
    * UPDATED PROPOSAL INCLUDES POTENTIAL SCRIP ALTERNATIVE FOR
SHAREHOLDERS TO ELECT TO GET ALL CASH, ALL SCRIP OR BLEND OF
CASH, SCRIP DEAL
    * INDEPENDENT BOARD COMMITTEE IS IN DISCUSSIONS WITH PEP
WITH
RESPECT TO TERMS AND CONDITIONS OF SCRIP ALTERNATIVE
    * INDEPENDENT BOARD COMMITTEE OF VIEW THAT IT IS IN
INTERESTS OF
CO'S SHAREHOLDERS TO CONTINUE TO ENGAGE WITH PEP ON
NON-EXCLUSIVE BASIS

Source text for Eikon:  ID:nASX8z9mNS 
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