Aug 16 (Reuters) - Tassal Group Ltd (TGR) : ENTERS INTO SCHEME...

Aug 16 (Reuters) - Tassal Group Ltd (TGR) :

• ENTERS INTO SCHEME IMPLEMENTATION DEED WITH COOKE
• TASSAL SHAREHOLDERS WILL RECEIVE CASH CONSIDERATION OF A$5.23 PER TASSAL SHARE
• SCHEME CONSIDERATION IMPLIES AN EQUITY VALUE FOR TASSAL OF A$1.1 BILLION AND AN ENTERPRISE VALUE OF A$1.7 BILLION
• TASSAL BOARD UNANIMOUSLY RECOMMENDS THAT TASSAL SHAREHOLDERS VOTE IN FAVOUR OF SCHEME
• SCHEME MEETING IS EXPECTED TO BE HELD IN NOVEMBER 2022
• COOKE HAS ADVISED THAT IT HAS ALREADY OBTAINED FOREIGN INVESTMENT REVIEW BOARD APPROVAL IN RELATION TO SCHEME