News: NEA Nearmap Gets Indicative A$2.10/Share Proposal From Thoma Bravo

Aug 15 (Reuters) - Nearmap Ltd (NEA) :

• NEARMAP RECEIVES INDICATIVE PROPOSAL, PROVIDES FY22 UPDATE
• RECEIVED A NON-BINDING INDICATION OF INTEREST FROM THOMA BRAVO L.P.
• PROPOSED DEAL FOR A$2.10 CASH PER SHARE
• PROPOSAL AT A$2.10 CASH PER SHARE IMPLIES A FULLY DILUTED EQUITY VALUATION OF APPROXIMATELY A$1,055 MILLION
• TO INITIALLY GRANT NON-EXCLUSIVE DUE DILIGENCE ACCESS TO THOMA BRAVO
• THOMA BRAVO'S DUE DILIGENCE IS NOW AT AN ADVANCED STAGE
• AGREED TO PAY THOMA BRAVO AN EXPENSE REIMBURSEMENT FEE UP TO A CAP OF US$3 MILLION
• SEES FY22 GROUP ACV PORTFOLIO EXPECTED TO BE A$159.9 MILLION
• GROUP CASH BALANCE EXPECTED TO BE A$93.7 MILLION, DURING FY22
• SHAREHOLDERS DO NOT NEED TO TAKE ANY ACTION IN RESPONSE TO PROPOSAL