Feb 23 (Reuters) - Nitro Software Ltd (NTO) : IMPROVED POTENTIA...

Feb 23 (Reuters) - Nitro Software Ltd (NTO) :

• IMPROVED POTENTIA TAKEOVER OFFER
• POTENTIA HAS NOW INCREASED CASH CONSIDERATION UNDER POTENTIA TAKEOVER OFFER BY A$0.17 TO A$2.17 CASH PER NITRO SHARE
• POTENTIA TO INCREASE VALUE TO A$2.25 PER NITRO SHARE IF POTENTIA OBTAINS RELEVANT INTEREST IN AT LEAST 75.0% OF CO'S SHARES
• POTENTIA ALSO VARIED OFFER SO NITRO SHAREHOLDERS MAY ELECT TO GET HOLDCO SCRIP FOR 25%, 50%, 75% OR 100% OF THEIR SHARES ACCEPTED
• POTENTIA TO INCREASE OFFER TO A$2.20 PER NITRO SHARE IF DURING OFFER PERIOD POTENTIA OBTAINS A INTEREST IN ATLEAST 75.0% OF SHARES
• NITRO BOARD RECOMMENDS SHAREHOLDERS TO TAKE NO ACTION ON ALL-CASH CONSIDERATION IN ABSENCE OF SUPERIOR PROPOSAL

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