Brief: Thorn Group Ltd Announces Receipt Of Revised Binding Offer From Somers Limited

Thorn

28/08/2023 04:23

Aug 28 (Reuters) - Thorn Group Ltd  TGA.AX :
    * RECEIPT OF REVISED BINDING OFFER FROM SOMERS LIMITED
    * GOT A BINDING AND CONDITIONAL PROPOSAL FROM SOMERS LTD TO
BUY
100% OF SHARES IN THORN THAT SOMERS DOES NOT ALREADY OWN
    * OFFER FOR CASH CONSIDERATION OF A$1.62 PER SHARE
    * ON 26 AUG, GOT REVISED PROPOSAL FROM SOMERS ON SAME TERMS
OTHER
THAN REMOVAL OF MATERIAL ADVERSE CHANGE CONDITION PRECEDENT
    * SHAREHOLDERS DO NOT NEED TO TAKE ANY ACTION IN RELATION TO
REVISED PROPOSAL
    * CONTINUES TO RECOMMEND THORN SHAREHOLDERS VOTE IN FAVOUR
OF ALL
RESOLUTIONS AT UPCOMING AGM

Source text for Eikon:  ID:nASX575wkB 
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