In-specie distribution of Bishop shares to shareholders and...

In-specie distribution of Bishop shares to shareholders and Bishop priority offer
Bassari intends to make an in-specie distribution of all Bishop shares received under the
transaction to shareholders. Shareholder approval for an in-specie distribution of Bishop
shares received to date will be sought in due course at the earliest available opportunity once
Bishop proceeds to completion of its IPO for the purpose of listing on ASX. Bassari
shareholders will also be granted a 25% priority allocation under the IPO capital raising
undertaken by Bishop under which they will have the priority right to subscribe for additional
Bishop shares at the IPO price.
Bassari currently understands that Bishop is now targeting the first quarter of 2024 for
completion of its IPO.