July 6 (Reuters) - Aquis Entertainment Ltd (AQS) :
- PROPOSED SALE OF CASINO CANBERRA UPDATE
- ON 29 JUNE 2022, AQUIS RECEIVED AN UNSOLICITED OFFER TO ACQUIRE AQUIS CANBERRA FROM A THIRD PARTY
- UNSOLICITED OFFER TO ACQUIRE AQUIS CANBERRA AT A PRICE MATERIALLY HIGHER THAN A$52 MILLION
- ADVISED OSCARS UNLESS IT WAS WILLING TO INCREASE ITS OFFER ABOVE UNSOLICITED OFFER INTENDED TO TERMINATE SALE DEAL WITH OSCARS
- OSCARS AGREED TO INCREASE PRICE UNDER SALE AGREEMENT BETWEEN PARTIES TO A$58.2 MILLION
- PARTIES HAVE NOW SIGNED AMENDING DEED TO SHARE PURCHASE DEAL
- INDEPENDENT DIRECTORS CONTINUE TO UNANIMOUSLY RECOMMEND THAT AQUIS SHAREHOLDERS VOTE IN FAVOUR OF PROPOSED SALE
