Oct 3 (Reuters) - Webster Ltd (WBA) : WEBSTER ENTERS INTO...

Oct 3 (Reuters) - Webster Ltd (WBA) :

• WEBSTER ENTERS INTO SCHEME IMPLEMENTATION AGREEMENT WITH PSP INVESTMENTS
• PSP BIDCO, TO ACQUIRE ALL ORDINARY SHARES IN WEBSTER THAT IT DOES NOT ALREADY OWN FOR $2.00 IN CASH PER SHARE
• WEBSTER PREFERENCE SHAREHOLDERS TO BE OFFERED $2.00 PER PREFERENCE SHARE VIA A SEPARATE, CONTEMPORANEOUS SCHEME OF ARRANGEMENT
• SCHEME AND PREFERENCE SHARE SCHEME IMPLY A MARKET CAPITALISATION FOR WEBSTER OF APPROXIMATELY $724 MILLION
• PSP BIDCO ALSO INTENDS TO ACQUIRE ALL OF WEBSTER PREFERENCE SHARES FOR $2.00 PER PREFERENCE SHARE VIA A SEPARATE SCHEME
• CO ENTERS INTO A BINDING SCHEME IMPLEMENTATION AGREEMENT WITH PSP BIDCO AND SOOKE INVESTMENTS INC

Source text http//www.asx.com.au/asxpdf/20191003/pdf/449524vwjvp2p2.pdf

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