Oct 10 (Reuters) - Navitas Ltd (NVT) : RECEIVED AN UNSOLICITED,...

Oct 10 (Reuters) - Navitas Ltd (NVT) :

• RECEIVED AN UNSOLICITED, PRELIMINARY, CONDITIONAL AND NON-BINDING PROPOSAL FROM BGH CAPITAL PTY LTD
• INDICATIVE PROPOSAL WOULD OFFER NAVITAS SHAREHOLDERS $5.50 CASH PER NAVITAS SHARE
• INDICATIVE PROPOSAL TO ALTERNATIVELY OFFER SHAREHOLDERS CONSIDERATION OF $2.75 CASH PER CO SHARE AND ONE SHARE IN A NEWLY FORMED CO
• BGH HAS ENTERED INTO A COOPERATION AGREEMENT WITH AUSTRALIANSUPER AND RODNEY JONES
• PURSUANT TO AGREEMENT JONES AGREED TO SELL 50% OF HIS SHARES FOR CASH AND ROLL OVER HIS REMAINING 50% SHAREHOLDING INTO ROLLCO
• NON-BINDING PROPOSAL ALSO FROM AUSTRALIANSUPER & RODNEY JONES TO ACQUIRE 100% OF CO BY WAY OF A SCHEME OF ARRANGEMENT