News: AHY Asaleo Care Enters Scheme Implementation Deed With Essity

Feb 17 (Reuters) - Asaleo Care Ltd (AHY) :

• ASX ALERT-ESSITY PROPOSAL - SCHEME IMPLEMENTATION AGREEMENT-AHY.AX
• ACQUISITION BY WAY OF SCHEME OF ARRANGEMENT
• TOTAL VALUE TO ASALEO CARE SHAREHOLDERS OF $1.45 PER SHARE
• UNANIMOUS INDEPENDENT BOARD COMMITTEE RECOMMENDATION
• INTENDS TO PAY, IN ITS ABSOLUTE DISCRETION, A SPECIAL DIVIDEND OF $0.02 PER SHARE
• TOTAL VALUE TO SHAREHOLDERS OF $1.451 PER SHARE (BEFORE BENEFIT OF FRANKING CREDITS), VALUES ASALEO'S EQUITY AT ABOUT $788M
• POTENTIAL VALUE IN FRANKING CREDITS OF UP TO $0.02 PER SHARE FOR SHAREHOLDERS ABLE TO REALISE FULL BENEFIT
• DECLARED AN ORDINARY DIVIDEND OF $0.03 PER SHARE
• INTENDS TO PAY SPECIAL DIVIDEND OF $0.02 PER SHARE PRIOR TO SCHEME RECORD DATE