July 26 (Reuters) - Pacific Current Group Ltd (PAC) :
- RECEIVED AN UNSOLICITED, NON-BINDING, INDICATIVE PROPOSAL FROM REGAL PARTNERS LIMITED
- PROPOSAL TO ACQUIRE 100% OF SHARES IN PAC BY WAY OF A SCHEME OF ARRANGEMENT
- UNDER REGAL'S PROPOSAL, PACIFIC CURRENT SHAREHOLDERS WOULD RECEIVE AN IMPLIED TOTAL VALUE OF A$11.12 PER SHARE
- PROPOSAL STATES PACIFIC CURRENT SHAREHOLDERS MAY ELECT TO SUBSTITUTE EITHER OR BOTH ELEMENTS OF CONSIDERATION FOR REGAL SHARES
- SHAREHOLDERS DO NOT NEED TO TAKE ANY ACTION IN RELATION TO PROPOSAL
- ANTICIPATES FY23 BOUTIQUE CONTRIBUTIONS (EX MARK TO MARKET ADJUSTMENTS) WILL BE BETWEEN A$50M AND A$51M
- INDEPENDENT BOARD COMMITTEE WILL EVALUATE PROPOSAL AND OTHER ALTERNATIVES TO MAXIMISE VALUE FOR SHAREHOLDERS
- UNDER PROPOSAL, CONSIDERATION COMPRISING A$7.50 IN CASH PER PAC SHARE PLUS 2.2 GQG SHARES PER PAC SHARE
- EXPECTS TOTAL REVENUES BETWEEN A$51M AND A$52M FOR FY23
News: RPL Pacific Current Group Says Got Unsolicited, Non-Binding, Indicative Proposal From Regal...
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