Brief: STM Group PLC Offer Update And PUSU Extension

STM

27/09/2023 18:44

Sept 27 (Reuters) - STM Group PLC  STMG.L :
    * STM GROUP PLC  - OFFER UPDATE AND PUSU EXTENSION
    * STM GROUP PLC -  BOARD HAS RECEIVED A REVISED BEING AN
OFFER
PRICE OF 67 PENCE PER SHARE FOR ENTIRE ISSUED AND TO BE ISSUED
SHARE CAPITAL OF COMPANY
    * STM GROUP PLC - INTENDS TO CONTINUE DISCUSSIONS WITH
PENSION
SUPERFUND CAPITAL WITH AIM OF REACHING AGREEMENT ON TERMS OF AN
OFFER FOR COMPANY
    * STM GROUP PLC: HAS NOT REACHED AGREEMENT AT THIS STAGE
WITH
PENSION SUPERFUND CAPITAL ON TERMS OF REVISED PROPOSAL
    * STM GROUP PLC - BOARD NOT REACHED AGREEMENT AT THIS STAGE
WITH
PENSION SUPERFUND CAPITAL ON TERMS OF REVISED PROPOSAL
    * STM GROUP PLC - INFORMED BY PENSION SUPERFUND CAPITAL THAT
ITS
LENDING BANK HAS CONFIRMED ITS ABILITY TO FUND CASH COMPONENT OF
REVISED PROPOSAL
    * STM GROUP PLC - INFORMED THAT PENSION SUPERFUND CAPITAL
HAS BEEN
EXPLORING FINANCING STRUCTURES RELATING TO A FURTHER 7 PENCE PER
SHARE
    * STM GROUP PLC - HAS REQUESTED PANEL EXTEND DEADLINE BY
WHICH
PENSION SUPERFUND CAPITAL IS REQUIRED, TO MAKE A FIRM INTENTION
FOR OFFER OR TO WALK AWAY

Source text for Eikon:  ID:nRSa8888Na 
Further company coverage:  STMG.L 

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