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BRIEF-Link Administration Says It Concluded Consortium's Proposal Undervalues Co

Published 23/10/2020, 08:49 am
© Reuters.
LNK
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Oct 23 (Reuters) - Link Administration Holdings Ltd LNK.AX :

* HELD A NUMBER OF DISCUSSIONS WITH REPRESENTATIVES OF CONSORTIUM

* CONSORTIUM SUPPLIED FURTHER WRITTEN DETAIL OF PROPOSED IMPLEMENTATION STRUCTURE TO ALLOW CO'S 'S SHAREHOLDERS TO TAKE DIRECT INTEREST IN PEXA

* UNANIMOUSLY THAT PROPOSAL MATERIALLY UNDERVALUES LINK GROUP ON A CONTROL BASIS AND IS NOT IN BEST INTERESTS OF SHAREHOLDERS

* HAS ALSO CONSULTED WITH A NUMBER OF ITS SHAREHOLDERS AND RECEIVED FEEDBACK IN RELATION TO PROPOSAL.

* CONSORTIUM DID NOT NOMINATE A VALUE FOR LINK GROUP'S GLOBAL BUSINESS EX-PEXA

* IS WILLING TO CONTINUE TO ENGAGE WITH CONSORTIUM

* LINK ADMINISTRATION EXPECTS TO BE IN A POSITION TO GIVE UPDATE TO INVESTORS ON STRUCTURAL ALTERNATIVES IN NOV

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