Brief: Selfwealth Responds To Media Speculation

Selfwealth

13/10/2023 02:17

Oct 13 (Reuters) - Selfwealth Ltd  SWF.AX :
    * RESPONSE TO MEDIA SPECULATION
    * NOTES MEDIA SPECULATION REGARDING A POTENTIAL TRANSACTION
WITH
STAKESHOP PTY LTD
    * NOTES MEDIA SPECULATION REGARDING A POTENTIAL TRANSACTION
WITH
STAKESHOP PTY LTD
    * REGULARLY CONSIDERS OPPORTUNITIES FOR INDUSTRY
CONSOLIDATION AS
A MEANS TO OPTIMISE VALUE FOR SELFWEALTH SHAREHOLDERS
    * RECEIVED A CONFIDENTIAL, NON-BINDING, INDICATIVE PROPOSAL
FROM
STAKE
    * BOARD DECIDED IT WAS NOT IN BEST INTERESTS OF SELFWEALTH
SHAREHOLDERS TO ENGAGE IN SUBSTANTIVE DISCUSSIONS WITH STAKE
    * PROPOSAL TO ACQUIRE COMPANY BY WAY OF SCHEME OF
ARRANGEMENT AT A
CASH PRICE OF 17.5 AU CENTS A SHARE

Source text for Eikon:  ID:nASX4nJg8B 
Further company coverage:  SWF.AX 

 ((Reuters.Briefs@thomsonreuters.com;))