News: CGC Costa Group Enters Scheme Implementation Agreement With Consortium Led By Paine Schwartz...

Sept 22 (Reuters) - Costa Group Holdings Ltd (CGC) :

• ENTRY INTO SCHEME IMPLEMENTATION AGREEMENT
• ENTERED INTO A SCHEME IMPLEMENTATION AGREEMENT WITH A CONSORTIUM LED BY PAINE SCHWARTZ PARTNERS
• UNDER TERMS OF SCHEME, COSTA SHAREHOLDERS WILL BE ENTITLED TO RECEIVE CASH CONSIDERATION OF A$3.20 PER SHARE
• DEAL FOR ACQUISITION OF ALL OF ISSUED SHARES IN COSTA CONSORTIUM DOES NOT ALREADY OWNFOR A$3.20 CASH PER SHARE
• BOARD OF COSTA UNANIMOUSLY CONSIDERS SCHEME TO BE IN BEST INTERESTS OF COSTA SHAREHOLDERS
• IMPLEMENTATION OF SCHEME IS EXPECTED TO OCCUR IN Q1 OF 2024
• COSTA DIRECTORS UNANIMOUSLY RECOMMEND SCHEME
• SCHEME CONSIDERATION VALUES COSTA'S EQUITY AT APPROXIMATELY A$1,496 MILLION