Aug 30 (Reuters) - Simonds Group Ltd SIO.AX :
* Entered scheme implementation agreement under which it is proposed that SR Residential Pty Ltd will acquire all of shares in company
* Says received an unsolicited proposal from SR Residential Pty Ltd
* Says cash offer of $0.40 per share represents a 41% premium to the 5-day volume weighted average price
* Source text for Eikon