Brief: Readytech Holdings Announces Update On Non-Binding Indicative Proposal

Readytech Holdings

14/11/2022 22:56

Nov 15 (Reuters) - Readytech Holdings Ltd  RDY.AX :
    * UPDATE ON NON-BINDING INDICATIVE PROPOSAL
    * HAS RECEIVED A CONDITIONAL, NON-BINDING INDICATIVE
PROPOSAL FROM
FUNDS MANAGED OR ADVISED BY PACIFIC EQUITY PARTNERS PTY
    * PROPOSAL TO ACQUIRE READYTECH BY WAY OF A SCHEME OF
ARRANGEMENT
AT AN OFFER PRICE OF A$4.50 PER SHARE
    * INDEPENDENT BOARD COMMITTEE CURRENTLY OF VIEW IT IS IN
INTERESTS
OF  SHAREHOLDERS TO ENGAGE FURTHER WITH PEP OVER PROPOSAL
    * DISCUSSIONS WITH PEP ARE ON-GOING AND NO AGREEMENT HAS
BEEN
REACHED BETWEEN THE PARTIES

Source text for Eikon:  ID:nASX1H4VrN 
Further company coverage:  RDY.AX 
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