News: WSP Whispir Ltd Says Got Letter Of Intent From Pendula To Make A Non-Binding Indicative Offer

Dec 5 (Reuters) - Whispir Ltd (WSP) :

• LETTER OF INTENT FROM PENDULA TO MAKE A NON-BINDING INDICATIVE OFFER TO ACQUIRE WHISPIR
• HAS RECEIVED FROM ZIPLINE CLOUD PTY LTD A LETTER OF INTENT
• PENDULA STATED IN LOI PROPOSED NON-BINDING, INDICATIVE OFFER WILL BE AT PREMIUM TO BID PRICE UNDER SOPRANO OFFER OF A$0.48 PER WHISPIR SHARE
• PENDULA LOI STATES ITS INTENTION TO EXECUTE ACQUISITION OF CO SHARES VIA A SCHEME OF ARRANGEMENT OR ACQUISITION OF CO'S MAIN UNDERTAKING
• CONSIDERATION PROPOSED TO BE OFFERED BY PENDULA IS EXPECTED TO BE EITHER ALL-CASH OR, A COMBINATION OF CASH AND SCRIP
• BOARD CONSIDERING TERMS OF PENDULA LOI
• URGES SHAREHOLDERS TO TAKE NO ACTION IN RELATION TO SOPRANO OFFER UNTIL HAVE RECEIVED WHISPIR'S TARGET'S STATEMENT