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BRIEF-Bingo Industries Says Entered Scheme Implementation Deed With MIRA

Published 27/04/2021, 08:51 am
Updated 27/04/2021, 08:54 am
© Reuters.

April 27 (Reuters) - Bingo Industries Ltd BIN.AX :

* BINGO ENTERS INTO SCHEME IMPLEMENTATION DEED WITH MIRA

* UNDER TERMS, SHAREHOLDERS HAVE OPTION TO RECEIVE $3.45 CASH PER BINGO SHARE OR MIXED CASH AND UNLISTED SCRIP ALTERNATIVE

* INTENDS TO DECLARE A FULLY FRANKED SPECIAL DIVIDEND OF UP TO $0.117 PER SHARE PRIOR TO IMPLEMENTATION OF SCHEME

* INDEPENDENT BOARD COMMITTEE AND OTHER BINGO RECOMMENDING DIRECTORS UNANIMOUSLY RECOMMEND SCHEME

* SCHEME IS NOT SUBJECT TO A FINANCING CONDITION.

* CASH CONSIDERATION IMPLIES AN EQUITY VALUE OF APPROXIMATELY $2.3 BILLION AND AN ENTERPRISE VALUE OF APPROXIMATELY $2.6 BILLION

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