March 14 (Reuters) - QANTM Intellectual Property Ltd (QIP) :
- UPDATE ON INDICATIVE PROPOSALS FROM ADAMANTEM, ROUSE
- AGREED TO GRANT EXCLUSIVE DUE DILIGENCE ACCESS TO ADAMANTEM CAPITAL (ADAMANTEM) IN RELATION TO PROPOSAL FOR ACQUISITION
- AGREED TO GRANT EXCLUSIVE DUE DILIGENCE ACCESS TO ADAMANTEM CAPITAL
- QANTM AND ADAMANTEM ENTERED INTO PROCESS DEED THAT OUTLINES BASIS OF DUE DILIGENCE AND EXCLUSIVITY ARRANGEMENTS
- PROPOSAL FOR A$1.817 PER SHARE
- CONSIDERS ADAMANTEM INDICATIVE PROPOSAL PROVIDES ATTRACTIVE PREMIUM FOR QANTM SHAREHOLDERS
- QANTM, ROUSE AGREED TO TERMINATE THEIR EXCLUSIVITY ARRANGEMENTS AFTER ROUSE WITHDREW ITS NON-BINDING INDICATIVE PROPOSAL
- NO CERTAINTY THAT ADAMANTEM INDICATIVE PROPOSAL WILL RESULT IN TRANSACTION
- NO BREAK FEES ARE PAYABLE IN RELATION TO TERMINATION OF SCHEME OF ARRANGEMENT
- SHAREHOLDERS DO NOT NEED TO TAKE ANY ACTION IN RELATION TO ADAMANTEM INDICATIVE PROPOSAL
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