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Oct 30 (Reuters) - COG Financial Services Ltd (COG) : CONFIRMS...

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    30/10/23
    12:10
    Post #: 70613065

    Oct 30 (Reuters) - COG Financial Services Ltd (COG) :

    • CONFIRMS THAT IT HAS MADE A NON-BINDING INDICATIVE OFFER TO ACQUIRE DIVERGER LIMITED
    • BELIEVES PROPOSED TRANSACTION IS IN BEST INTERESTS OF BOTH SETS OF SHAREHOLDERS
    • TO FUND A$10M OF CASH CONSIDERATION UNDER DEAL, WOULD UNDERTAKE CAPITAL RAISE, TO BE FULLY UNDERWRITTEN BY ORD MINNETT
    • OFFER FOR A$1.41 PER SHARE, MADE UP OF CASH OF A$0.68 PER SHARE AND A$0.73 OF COG SCRIP
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