Nitro Software Says Resolution To Approve Alludo Offer Not Approved By Requisite Shareholders

Published on February 03, 2023 03:13 PM AEDT

Nitro Software Says Resolution To Approve Alludo Offer Not Approved By Requisite Shareholders — Image source: ©2022 Kalkine Media®

Feb 3 (Reuters) - Nitro Software Ltd:

* ALLUDO SCHEME MEETING RESULTS

* RESOLUTION TO APPROVE ALLUDO SCHEME WAS NOT APPROVED BY REQUISITE MAJORITIES OF NITRO SHAREHOLDERS

* ALLUDO TAKEOVER OFFER REMAINS OPEN FOR NITRO SHAREHOLDERS TO ACCEPT

* 67.93% OF VOTES CAST IN FAVOUR OF ALLUDO SCHEME RESOLUTION BY REQUISITE MAJORITIES OF NITRO SHAREHOLDERS

* 67.93% OF VOTES CAST IN FAVOUR OF SCHEME RESOLUTION AND 32.07% OF VOTES CAST AGAINST SCHEME RESOLUTION

* ALLUDO HAS STATED OFFER PRICE OF A$2.15 CASH PER NITRO SHARE WILL NOT BE INCREASED

* NITRO BOARD UNANIMOUSLY RECOMMENDS TO ACCEPT ALLUDO TAKEOVER OFFER, IN ABSENCE OF A SUPERIOR PROPOSAL Source text for Eikon: Further company coverage:

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