News: KKT Konekt Says Co & APM Reached Agreement On Terms Of Revised Cash Offer To All Co's...

Nov 22 (Reuters) - Konekt Ltd (KKT) :

• KONEKT AND APM HAVE REACHED AGREEMENT ON KEY TERMS OF A REVISED CASH OFFER TO ALL KONEKT SHAREHOLDERS OF $0.70 PER KONEKT SHARE
• RECEIVED AN OFFER FROM MAXIMUS AT $0.70 PER KONEKT SHARE ON MORNING OF 21 NOVEMBER
• IN EVENING OF 21 NOVEMBER 2019, KONEKT RECEIVED A FURTHER PROPOSAL FROM APM AND HAS REACHED AGREEMENT ON KEY TERMS OF REVISED APM OFFER
• REVISED APM OFFER IS AT SAME OFFER PRICE AS THIRD MAXIMUS PROPOSAL, IS LESS CONDITIONAL AND IS CAPABLE OF BEING IMPLEMENTED IN DEC 2019
• REVISED CASH OFFER WITH EFFECT FROM 22 NOVEMBER 2019