Brief: Silk Laser Australia Enters Into Binding Implementation Deed With API

Solara Minerals

26/06/2023 02:16

June 26 (Reuters) - Silk Laser Australia Ltd  SLA.AX :
    * ENTERS INTO BINDING IMPLEMENTATION DEED WITH AUSTRALIAN
PHARMACEUTICAL INDUSTRIES
    * SILK SHAREHOLDERS WILL BE ENTITLED TO RECEIVE TOTAL CASH
CONSIDERATION OF A$3.35 PER SHARE
    * API WILL ACQUIRE ALL SHARES IN SILK, BY WAY OF SCHEME OF
ARRANGEMENT FOR CASH CONSIDERATION OF A$3.35 CASH PER SHARE
    * SILK'S BOARD UNANIMOUSLY RECOMMENDS SCHEME
    * SILK WILL HAVE DISCRETION TO PAY SHAREHOLDERS A FULLY
FRANKED
DIVIDEND OF UP TO A MAXIMUM OF 10 AU CENTS PER SHARE
    * SCHEME IS EXPECTED TO BE IMPLEMENTED BY END OF NOVEMBER

Source text for Eikon:  ID:nASXbl14J3 
Further company coverage:  SLA.AX 

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