Readytech Announces Updates On Proposal From Funds Manage By Pacific Equity Partners

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Nov 30 (Reuters) - Readytech Holdings Ltd:

* UPDATES ON NON-BINDING INDICATIVE PROPOSAL FROM FUNDS MANAGE BY PACIFIC EQUITY PARTNERS

* HAS NOW RECEIVED UPDATED PROPOSAL FROM PEP ADVISING THAT PEP HAS DETERMINED TO WITHDRAW RELIEF APPLICATION TO ASIC

* UPDATED PROPOSAL INCLUDES POTENTIAL SCRIP ALTERNATIVE FOR SHAREHOLDERS TO ELECT TO GET ALL CASH, ALL SCRIP OR BLEND OF CASH, SCRIP DEAL

* INDEPENDENT BOARD COMMITTEE IS IN DISCUSSIONS WITH PEP WITH RESPECT TO TERMS AND CONDITIONS OF SCRIP ALTERNATIVE

* INDEPENDENT BOARD COMMITTEE OF VIEW THAT IT IS IN INTERESTS OF CO'S SHAREHOLDERS TO CONTINUE TO ENGAGE WITH PEP ON NON-EXCLUSIVE BASIS Source text for Eikon: Further company coverage:



 


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