News: RHL Ruralco Holdings Enters Into Scheme Implementation Deed With Nutrien Ltd

Feb 27 (Reuters) - Ruralco Holdings Ltd (RHL) :

• RURALCO HAS ENTERED INTO A SCHEME IMPLEMENTATION DEED WITH NUTRIEN LTD
• NUTRIEN HAS AGREED TO ACQUIRE 100% OF ISSUED SHARE CAPITAL OF RURALCO FOR A CASH PRICE OF $4.40 PER SHARE
• DIRECTORS OF RURALCO UNANIMOUSLY RECOMMEND THAT RURALCO SHAREHOLDERS VOTE IN FAVOUR OF SCHEME
• DIRECTORS OF RURALCO ALSO INTEND TO DECLARE AND PAY A FULLY FRANKED FY2019 INTERIM DIVIDEND (INTERIM DIVIDEND) OF UP TO 10 CENTS PER SHARE
• EXPECTS TO DECLARE & PAY A FULLY FRANKED SPECIAL DIVIDEND OF UP TO 90 CENTS PER SHARE IN CASH ON OR SHORTLY BEFORE IMPLEMENTATION OF SCHEME
• DEAL VALUES RURALCO'S FULLY DILUTED EQUITY AT ABOUT $469 MLN, AND AT AN ENTERPRISE VALUE OF $615 MLN
• SCHEME IS EXPECTED TO BE IMPLEMENTED IN SECOND HALF OF 2019

Source: http//bit.ly/2Su1UZ5

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