Feb 7 (Reuters) - Nitro Software Ltd (NTO) : POTENTIA INDICATED...

Feb 7 (Reuters) - Nitro Software Ltd (NTO) :

• POTENTIA INDICATED IT WOULD LIKE TO ENGAGE WITH NITRO IN RELATION TO GAINING ACCESS TO DUE DILIGENCE
• RECEIVED A PROPOSAL FROM POTENTIA CAPITAL (POTENTIA) ON 6 FEBRUARY 2023
• NITRO SHAREHOLDERS ARE ALSO REMINDED THAT ALLUDO TAKEOVER OFFER IS SCHEDULED TO EXPIRE ON 3 MARCH 2023
• POTENTIA HAS STATED THAT DUE DILIGENCE COULD BE COMPLETED WITHIN THREE WEEKS
• NITRO BOARD IS CURRENTLY SEEKING ADVICE FROM ITS EXTERNAL FINANCIAL AND LEGAL ADVISERS
• SHAREHOLDERS CAUTIONED THERE NO CERTAINTY POTENTIA WILL ULTIMATELY INCREASE ITS OFFER ABOVE A$2.00 PER SHARE
• SEEKING ADVICE FROM EXTERNAL FINANCIAL AND LEGAL ADVISERS, TO DETERMINE IF LATEST POTENTIA PROPOSAL COULD REASONABLY BE CONSIDERED
• CONTINUES TO UNANIMOUSLY RECOMMEND THAT ALL NITRO SHAREHOLDERS PROMPTLY ACCEPT ALLUDO TAKEOVER OFFER
• TO DATE, POTENTIA NOT PROVIDED ANY TANGIBLE EVIDENCE THAT IT HAS IN FACT SECURED FUNDING FOR AN INCREASE IN ITS OFFER
• POTENTIA STATED SUBJECT TO SATISFACTORY DUE DILIGENCE, IT MAY BE IN A POSITION TO INCREASE TAKEOVER OFFER TO A$2.20 TO A$2.30/SHARE
• PROVIDING POTENTIA WITH DUE DILIGENCE ACCESS LIKELY TO ADVERSELY IMPACT ACCEPTANCES INTO ALLUDO TAKEOVER OFFER

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