Brief: Readytech Says Has Been Advised By PEP That It Has Withdrawn Its Current Proposal

Readytech Holdings

21/12/2022 22:28

Dec 22 (Reuters) - Readytech Holdings Ltd  RDY.AX :
    * WITHDRAWAL OF CURRENT PROPOSAL AND POTENTIAL ALTERNATIVE
PROPOSAL
    * REAFFIRMS ITS FY23 GUIDANCE
    * READYTECH HAS BEEN ADVISED BY PEP THAT IT HAS WITHDRAWN
ITS
CURRENT PROPOSAL
    * ADVISED BY PEP THAT IT IS WORKING ON AN ALTERNATIVE
PROPOSAL
THAT COULD DELIVER $4.50 PER SHARE CONSIDERATION
    * DISCUSSIONS WITH PEP ARE ON-GOING AND NO AGREEMENT HAS YET
BEEN
REACHED BETWEEN PARTIES

Source text for Eikon:  ID:nASX8RchFG 
Further company coverage:  RDY.AX 
 ((Reuters.Briefs@thomsonreuters.com;))