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News: IS3 Icollege Ltd Says Co And Redhill Agree Terms To Create ASX-Listed Education Provider

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    12/08/21
    11:30
    Post #: 55229924

    Aug 12 (Reuters) - iCollege Ltd (ICT) :

    • ICOLLEGE AND REDHILL AGREE TERMS TO CREATE ASX-LISTED EDUCATION PROVIDER
    • REDHILL BOARD UNANIMOUSLY RECOMMEND REDHILL SHAREHOLDERS ACCEPT REVISED OFFER OF 9.5 ICOLLEGE SHARES FOR EACH REDHILL SHARE
    • UNDER REVISED OFFER, ICT SHAREHOLDERS WILL OWN 54.6% AND REDHILL SHAREHOLDERS WILL OWN 45.4% OF MERGECO
    • REVISED ICT OFFER IMPLIES A VALUE OF A$1.235 PER REDHILL SHARE
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