News: TNK Think Childcare Receives Further Revised Proposal From Busy Bees Early Learning Australia

April 6 (Reuters) - Think Childcare Ltd (TNK) :

• THINK CHILDCARE LTD - RECEIVED A FURTHER REVISED CONDITIONAL, NON-BINDING AND INDICATIVE PROPOSAL FROM BUSY BEES EARLY LEARNING AUSTRALIA PTY LTD
• THINK CHILDCARE LTD - FURTHER REVISED BUSY BEES PROPOSAL IS AT AN OFFER PRICE OF $3.20 PER SECURITY
• THINK CHILDCARE LTD - REVISED BUSY BEES PROPOSAL OFFER PRICE IMPLIES AN EQUITY VALUE ON A 100% FULLY DILUTED BASIS OF APPROXIMATELY A$195.7 MILLION
• THINK CHILDCARE - WILL BE ABLE TO PAY AN ADDITIONAL FULLY FRANKED DIVIDEND OF UP TO $0.34 PER STAPLED SECURITY
• THINK CHILDCARE LTD - BOARD BELIEVES IS IN BEST INTEREST OF SECURITYHOLDERS TO FURTHER NEGOTIATE TRANSACTION DOCUMENTS
• THINK CHILDCARE LTD -BOARD GRANTED A SHORT EXCLUSIVITY PERIOD TO BUSY BEES UP TO 14 MAY 2021