News: RHC Ramsay Health Care Updates On Non-Binding Indicative Proposal From KKR-Led Consortium

Aug 26 (Reuters) - Ramsay Health Care Ltd (RHC) :

• RAMSAY HEALTH CARE LTD - UPDATE ON NON-BINDING INDICATIVE PROPOSAL-RHC.AX
• RAMSAY HEALTH CARE - HAS BEEN ADVISED ALTERNATIVE PROPOSAL WOULD INVOLVE CONSORTIUM ACQUIRING 100% OF SHARES IN CO BY WAY OF A SCHEME OF ARRANGEMENT
• RAMSAY HEALTH CARE LTD - INDICATIVE PROPOSAL REMAINS SUBJECT TO A NUMBER OF CONDITIONS, INCLUDING COMPLETION OF FINAL DILIGENCE ON RAMSAY
• RAMSAY HEALTH CARE LTD - CONSIDERATION FOR EACH RAMSAY SHARE IN EXCESS OF 5,000 SHARES WOULD BE A$78.20 CASH
• RAMSAY HEALTH CARE LTD - A REQUEST HAS BEEN MADE TO RAMSAY SANTÉ BOARD OF DIRECTORS FOR DUE DILIGENCE.
• RAMSAY HEALTH CARE LTD - CONSIDERATION FOR EACH RAMSAY SHARE IN EXCESS OF 5,000 SHARES WOULD BE APPROXIMATELY 0.22 RAMSAY SANTÉ SHARES
• RAMSAY HEALTH CARE LTD - IMPLIED VALUE OF CONSIDERATION FOR HOLDINGS IN EXCESS OF 5,000 SHARES UNDER ALTERNATE PROPOSAL IS A$84.93 PER RAMSAY SHARE
• RAMSAY HEALTH CARE LTD - NO CERTAINTY THAT CONSORTIUM WILL PROVIDE , THAT RAMSAY SANTÉ BOARD WILL GRANT CONSORTIUM ACCESS TO DUE DILIGENCE
• RAMSAY HEALTH CARE LTD - ABOUT 18% OF RAMSAY SHARES WOULD BE ELIGIBLE TO RECEIVE A$88.00 CASH PER SHARE
• RAMSAY HEALTH CARE - CONSIDERED ALTERNATIVE PROPOSAL & UNANIMOUSLY OF VIEW IT IS MEANINGFULLY INFERIOR TO CONSORTIUM'S INDICATIVE PROPOSAL
• RAMSAY HEALTH CARE LTD - RAMSAY CONTINUES TO ACTIVELY ENGAGE WITH CONSORTIUM TO PROGRESS INDICATIVE PROPOSAL
• RAMSAY HEALTH CARE LTD - BOARD DETERMINED NOT TO ENGAGE FURTHER WITH CONSORTIUM IN RELATION TO ALTERNATIVE PROPOSAL ON THESE TERMS.