News: AOG Aveo Group Sees FY Underlying Profit About $50 Million

June 24 (Reuters) - Aveo Group (AOG) :

• REPORTED RESULTS FOR FY19 WILL BE ADVERSELY AFFECTED
• SEES UNDERLYING PROFIT FOR FY19 IN ORDER OF $50 MILLION
• ESTIMATED ANNUAL DISTRIBUTION FOR FY WILL BE 4.5 CENTS PER STAPLED SECURITY
• FOLLOWING DUE DILIGENCE, AVEO RECEIVED A CONFIDENTIAL NON-BINDING AND CONDITIONAL INDICATIVE PROPOSAL
• INDEPENDENT BOARD COMMITTEE SAYS IF AGREEMENT FOR A SCHEME OF ARRANGEMENT CANNOT BE REACHED BY 22 JULY, CO'S SALE WILL BE DISCONTINUED