News: SYM Symbio Holdings Updates On Superloop Limited Non-Binding Indicative Proposal

Sept 22 (Reuters) - Symbio Holdings Ltd (SYM) :

• UPDATE ON SUPERLOOP LIMITED NON-BINDING INDICATIVE PROPOSAL
• ADVISES THAT IT HAS RECEIVED A REVISED BEST AND FINAL NON-BINDING INDICATIVE PROPOSAL FROM SUPERLOOP
• THERE IS NO CERTAINTY AT THIS STAGE THAT ANY AGREEMENT WILL BE REACHED OR THAT A TRANSACTION WILL EVENTUATE
• OFFER ALSO CONTEMPLATES FULLY FRANKED DIVIDEND TO SYMBIO SHAREHOLDERS PRIOR TO SCHEME IMPLEMENTATION OF UP TO A$0.35 PER SHARE
• AT CURRENT TIME, SHAREHOLDERS DO NOT NEED TO TAKE ANY ACTION AND BOARD WILL UPDATE SHAREHOLDERS AS APPROPRIATE