Brief: Tyro Payments Says It Offers Due Diligence To Potentia

Tyro Payments

26/01/2023 22:18

Jan 27 (Reuters) - Tyro Payments Ltd  TYR.AX :
    * TYRO OFFERS DUE DILIGENCE TO POTENTIA
    * OVER PAST FIVE MONTHS, TYRO BOARD HAS ENGAGED WITH
POTENTIA IN
RELATION TO A POTENTIAL CHANGE OF CONTROL TRANSACTION
    * BOTH OF THESE OFFERS WERE CAREFULLY CONSIDERED BY TYRO
BOARD AND
WERE UNANIMOUSLY REJECTED
    * NOTES THERE IS NO CERTAINTY THAT A FURTHER NON-BINDING
INDICATIVE OFFER, A BINDING OFFER, OR A TRANSACTION OF ANY KIND
WILL EVENTUATE
    * INDICATIVE OFFERS SIGNIFICANTLY UNDERVALUED TYRO
    * OFFERED TO PROVIDE POTENTIA WITH 4 WEEK PERIOD OF DUE
DILIGENCE
TO ENABLE POTENTIA TO DEVELOP A SIGNIFICANTLY IMPROVED PROPOSAL
    * NOTES THAT THERE IS NO CERTAINTY THAT FURTHER NON-BINDING
INDICATIVE OFFER, A BINDING OFFER, WILL EVENTUATE
    * TYRO SHAREHOLDERS DO NOT NEED TO TAKE ANY ACTION AT THIS
TIME

Source text for Eikon:  ID:nASX5D5Rhz 
Further company coverage:  TYR.AX 
 ((Reuters.Briefs@thomsonreuters.com;))