News: TGA Thorn Group Ltd Announces Receipt Of Revised Binding Offer From Somers Limited

Aug 28 (Reuters) - Thorn Group Ltd (TGA) :

• RECEIPT OF REVISED BINDING OFFER FROM SOMERS LIMITED
• GOT A BINDING AND CONDITIONAL PROPOSAL FROM SOMERS LTD TO BUY 100% OF SHARES IN THORN THAT SOMERS DOES NOT ALREADY OWN
• OFFER FOR CASH CONSIDERATION OF A$1.62 PER SHARE
• ON 26 AUG, GOT REVISED PROPOSAL FROM SOMERS ON SAME TERMS OTHER THAN REMOVAL OF MATERIAL ADVERSE CHANGE CONDITION PRECEDENT
• SHAREHOLDERS DO NOT NEED TO TAKE ANY ACTION IN RELATION TO REVISED PROPOSAL
• CONTINUES TO RECOMMEND THORN SHAREHOLDERS VOTE IN FAVOUR OF ALL RESOLUTIONS AT UPCOMING AGM