SWF selfwealth limited
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News: SWF Selfwealth Responds To Media Speculation

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    13/10/23
    12:20
    Post #: 70327637

    Oct 13 (Reuters) - Selfwealth Ltd (SWF) :

    • RESPONSE TO MEDIA SPECULATION
    • NOTES MEDIA SPECULATION REGARDING A POTENTIAL TRANSACTION WITH STAKESHOP PTY LTD
    • NOTES MEDIA SPECULATION REGARDING A POTENTIAL TRANSACTION WITH STAKESHOP PTY LTD
    • REGULARLY CONSIDERS OPPORTUNITIES FOR INDUSTRY CONSOLIDATION AS A MEANS TO OPTIMISE VALUE FOR SELFWEALTH SHAREHOLDERS
    • RECEIVED A CONFIDENTIAL, NON-BINDING, INDICATIVE PROPOSAL FROM STAKE
    • BOARD DECIDED IT WAS NOT IN BEST INTERESTS OF SELFWEALTH SHAREHOLDERS TO ENGAGE IN SUBSTANTIVE DISCUSSIONS WITH STAKE
    • PROPOSAL TO ACQUIRE COMPANY BY WAY OF SCHEME OF ARRANGEMENT AT A CASH PRICE OF 17.5 AU CENTS A SHARE
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