News: GTY Gateway Lifestyle Group Receives Revised Proposal From Hometown

June 25 (Reuters) - Gateway Lifestyle Group (GTY) :

• RECEIPT OF REVISED INDICATIVE, NON-BINDING PROPOSAL HOMETOWN
• RECEIVED A REVISED CONFIDENTIAL, INDICATIVE AND NON-BINDING PROPOSAL FROM HOMETOWN
• DEAL TO BUY 100% OF ISSUED STAPLED SECURITIES OF GATEWAY LIFESTYLE AT AN INDICATIVE PRICE OF $2.35 PER SECURITY
• HOMETOWN ALSO INDICATED THAT IT HOLDS A RELEVANT INTEREST IN GATEWAY LIFESTYLE SECURITIES OF 18.2% AS AT 23 JUNE
• STARTED ASSESSMENT OF REVISED HOMETOWN PROPOSAL, AND IMPLICATIONS FOR EXCLUSIVITY AGREEMENT CURRENTLY IN PLACE WITH BROOKFIELD