ELO elmo software limited
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Oct 26 (Reuters) - ELMO Software Ltd (ELO) : RECOMMENDED...

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    26/10/22
    11:35
    Post #: 64403311

    Oct 26 (Reuters) - ELMO Software Ltd (ELO) :

    • RECOMMENDED PROPOSAL FOR THE ACQUISITION OF ELMO BY K1
    • UNDER PROPOSED SCHEME OF ARRANGEMENT, ELMO SHAREHOLDERS WILL BE ENTITLED TO RECEIVE A$4.85 CASH PER SHARE
    • UNANIMOUSLY RECOMMENDS THAT ELMO SHAREHOLDERS VOTE IN FAVOUR OF SCHEME
    • SCHEME CONSIDERATION IMPLIES EQUITY VALUE OF A$486 MILLION
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