News: CPH Pharmacielo Provides Update On Proposed Acquisition Of Creso Pharma

Nov 1 (Reuters) - Pharmacielo Ltd PCLO.V :

• PHARMACIELO PROVIDES UPDATE ON PROPOSED ACQUISITION OF CRESO PHARMA
• WILL NOT INCREASE CONSIDERATION THAT HAS BEEN OFFERED TO CRESO PHARMA SHAREHOLDERS AND LISTED OPTIONHOLDERS AS PART OF ACQUISITION
• SOUGHT CONFIRMATION FROM BOARD OF DIRECTORS OF CRESO PHARMA THAT IT CONTINUES TO SUPPORT SCHEMES, OTHER DEALS UNDER AGREEMENT
• CRESO GOT INDEPENDENT REPORT FROM BDO CORPORATE FINANCE (WA) TO CONCLUDE THAT SHARE SCHEME WITH CO IS NOT IN CRESO'S BEST INTERESTS