March 14 (Reuters) - QANTM Intellectual Property Ltd (QIP) :...

March 14 (Reuters) - QANTM Intellectual Property Ltd (QIP) :

• UPDATE ON INDICATIVE PROPOSALS FROM ADAMANTEM, ROUSE
• AGREED TO GRANT EXCLUSIVE DUE DILIGENCE ACCESS TO ADAMANTEM CAPITAL (ADAMANTEM) IN RELATION TO PROPOSAL FOR ACQUISITION
• AGREED TO GRANT EXCLUSIVE DUE DILIGENCE ACCESS TO ADAMANTEM CAPITAL
• QANTM AND ADAMANTEM ENTERED INTO PROCESS DEED THAT OUTLINES BASIS OF DUE DILIGENCE AND EXCLUSIVITY ARRANGEMENTS
• PROPOSAL FOR A$1.817 PER SHARE
• CONSIDERS ADAMANTEM INDICATIVE PROPOSAL PROVIDES ATTRACTIVE PREMIUM FOR QANTM SHAREHOLDERS
• QANTM, ROUSE AGREED TO TERMINATE THEIR EXCLUSIVITY ARRANGEMENTS AFTER ROUSE WITHDREW ITS NON-BINDING INDICATIVE PROPOSAL
• NO CERTAINTY THAT ADAMANTEM INDICATIVE PROPOSAL WILL RESULT IN TRANSACTION
• NO BREAK FEES ARE PAYABLE IN RELATION TO TERMINATION OF SCHEME OF ARRANGEMENT
• SHAREHOLDERS DO NOT NEED TO TAKE ANY ACTION IN RELATION TO ADAMANTEM INDICATIVE PROPOSAL

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