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BRIEF-5G Networks Says Co Entered Bid Implementation Deed With Webcentral Group

Published 17/09/2020, 08:34 pm
© Reuters.

Sept 17 (Reuters) - 5G Networks Ltd 5GN.AX :

* ENTERED INTO A BID IMPLEMENTATION DEED WITH WEBCENTRAL GROUP

* CONSIDERATION FOR 5GN'S OFFER IS 1 FULLY PAID ORDINARY SHARE IN 5GN FOR EVERY 12 WCG SHARES HELD BY A WCG SHAREHOLDER

* WEBCENTRAL DIRECTORS UNANIMOUSLY RECOMMEND OFFER IN ABSENCE OF A SUPERIOR PROPOSAL

* CURRENTLY HAS A RELEVANT INTEREST IN ABOUT 10.07% OF WEBCENTRAL SHARES ON ISSUE

* CONSIDERATION IMPLIES PRICE OF 16.0 CENTS PER WCG SHARE

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