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News: SLA Silk Laser Australia Receives Non-Binding Proposal From Australian Pharmaceutical...

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    19/04/23
    19:40
    Post #: 67362973

    April 19 (Reuters) - Silk Laser Australia Ltd (SLA) :

    • RECEIVED A NON-BINDING, INDICATIVE AND CONDITIONAL PROPOSAL FROM AUSTRALIAN PHARMACEUTICAL INDUSTRIES PTY LTD ON 19 APRIL
    • SCHEME FOR CASH CONSIDERATION OF A$3.15 PER SHARE
    • BOARD UNANIMOUSLY INTENDS TO RECOMMEND THAT SILK SHAREHOLDERS VOTE IN FAVOUR OF PROPOSED SCHEME OF ARRANGEMENT
    • EACH DIRECTOR INTENDS TO VOTE ANY SILK SHARES THEY CONTROL IN FAVOUR OF SCHEME
    • CO & API ENTERED INTO PROCESS DEED UNDER WHICH API HAS BEEN GRANTED 30 BUSINESS DAYS TO UNDERTAKE EXCLUSIVE DUE DILIGENCE
    • API HAS ENTERED INTO VOTING DEED WITH WILSON ASSET MANAGEMENT GROUP IN RELATION TO ITS 9.3% SHAREHOLDING IN SILK
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