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BRIEF-Konekt Says Co & APM Reached Agreement On Terms Of Revised Cash Offer To All Co's Shareholders

Published 22/11/2019, 09:48 am
© Reuters.  BRIEF-Konekt Says Co & APM Reached Agreement On Terms Of Revised Cash Offer To All Co's Shareholders

Nov 22 (Reuters) - Konekt Ltd KKT.AX :

* KONEKT AND APM HAVE REACHED AGREEMENT ON KEY TERMS OF A REVISED CASH OFFER TO ALL KONEKT SHAREHOLDERS OF $0.70 PER KONEKT SHARE

* RECEIVED AN OFFER FROM MAXIMUS AT $0.70 PER KONEKT SHARE ON MORNING OF 21 NOVEMBER

* IN EVENING OF 21 NOVEMBER 2019, KONEKT RECEIVED A FURTHER PROPOSAL FROM APM AND HAS REACHED AGREEMENT ON KEY TERMS OF REVISED APM OFFER

* REVISED APM OFFER IS AT SAME OFFER PRICE AS THIRD MAXIMUS PROPOSAL, IS LESS CONDITIONAL AND IS CAPABLE OF BEING IMPLEMENTED IN DEC 2019

* REVISED CASH OFFER WITH EFFECT FROM 22 NOVEMBER 2019

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