News: IFM Infomedia Announces Further Update On Conditional Non-Binding Proposals

Sept 19 (Reuters) - Infomedia Ltd (IFM) :

• FURTHER UPDATE ON CONDITIONAL NON-BINDING PROPOSALS
• FURTHER UPDATE ON CONDITIONAL NON-BINDING PROPOSALS
• CONDITIONAL NON-BINDING INDICATIVE PROPOSALS RECEIVED FROM SOLERA HOLDINGS LLC
• INFOMEDIA BOARD AND MANAGEMENT TEAM HAVE ENGAGED CONSTRUCTIVELY WITH BOTH PARTIES OVER THE LAST 13 WEEKS
• INDICATIVE PROPOSALS TO ACQUIRE 100% OF INFOMEDIA FOR $A1.70 PER SHARE
• TO DATE, BOARD HAS NOT RECEIVED FROM SOLERA OR TA CONSORTIUM A BINDING PROPOSAL
• BOARD REMAINS OPEN TO ENGAGING FURTHER WITH SOLERA AND TA CONSORTIUM SHOULD THEY SUBMIT AN ACCEPTABLE BINDING PROPOSAL
• CONSEQUENTLY, IN ABSENCE OF RECEIPT OF ACCEPTABLE BINDING PROPOSAL, VIRTUAL DATA ROOM WILL CLOSE ON 30 SEPT