Brief: Vonex Says Enters Scheme Of Arrangement With Maxotel

Vonex

25/06/2024 07:05

June 25 (Reuters) - Vonex  VN8.AX :
    * ENTERS SCHEME OF ARRANGEMENT WITH MAXOTEL
    * MAXOTEL TO ACQUIRE VONEX FOR 3.75 AU CENTS PER SHARE BY
WAY OF A
SCHEME OF ARRANGEMENT
    * SCHEME ASSUMES EQUITY VALUE OF A$14.1M ON FULLY DILUTED
BASIS
    * VONEX BOARD UNANIMOUSLY RECOMMENDS THAT VONEX SHAREHOLDERS
VOTE
IN FAVOUR OF SCHEME
    * OFFER PRICE IMPLIES AN ENTERPRISE VALUE OF A$34.4 MILLION

Further company coverage:  VN8.AX 

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