PTB ptb group limited
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Aug 19 (Reuters) - PTB Group Ltd (PTB) : ENTERED INTO A SCHEME...

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    19/08/22
    11:45
    Post #: 63209590

    Aug 19 (Reuters) - PTB Group Ltd (PTB) :

    • ENTERED INTO A SCHEME IMPLEMENTATION DEED (SID) WITH PAG HOLDING CORP
    • PTB SHAREHOLDERS WILL RECEIVE A$1.595 PER PTB SHARE IN CASH UNDER SCHEME
    • PAG WILL ACQUIRE 100% OF SHARES ON ISSUE IN PTB BY WAY OF A SCHEME OF ARRANGEMENT
    • EXPECTS TO DECLARE AND PAY A PTB PERMITTED DIVIDEND OF UP TO A$0.03 PER PTB SHARE
    • PTB BOARD UNANIMOUSLY RECOMMENDS THAT PTB SHAREHOLDERS VOTE IN FAVOUR OF SCHEME
    • PROPOSED DEAL FOR TOTAL TRANSACTION EQUITY VALUE FOR PTB OF A$202.9 MILLION
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