Aug 10 (Reuters) - iSelect Ltd (ISU) :
- ENTERS INTO SCHEME IMPLEMENTATION AGREEMENT WITH INNOVATION HOLDINGS AUSTRALIA
- ENTERS INTO SCHEME IMPLEMENTATION AGREEMENT WITH INNOVATION HOLDINGS AUSTRALIA
- UNDER SIA, PROPOSED THAT IHA WILL ACQUIRE ALL OF SHARES IN ISELECT THAT IT DOES NOT CURRENTLY OWN BY WAY OF A SCHEME OF ARRANGEMENT
- IF SCHEME IS IMPLEMENTED, ISELECT SHAREHOLDERS WILL RECEIVE CASH CONSIDERATION OF A$0.30 PER ISELECT SHARE
- UNANIMOUSLY RECOMMENDS THAT ISELECT SHAREHOLDERS VOTE IN FAVOUR OF SCHEME
- IF SCHEME BECOMES EFFECTIVE, IT IS CURRENTLY EXPECTED THAT BRODIE ARNHOLD WILL REMAIN CHAIRMAN OF ISELECT
