Sept 23 (Reuters) - Silver Chef Ltd SIV.AX :
* ENTERED INTO AN EXCLUSIVITY DEED WITH NEXT CAPITAL UNTIL 1 DECEMBER 2019 TO PROGRESS NEXT CAPITAL PROPOSAL
* REVISED CONDITIONAL PROPOSAL FROM INVESTORS INVESTING UNDER LEADERSHIP OF NEXT CAPITAL TO SELL ITS HOSPITALITY BUSINESS FOR $18 MILLION
* BOARD HAS DETERMINED NOT TO PROCEED WITH BLUE STAMP COMPANY'S $60 MILLION RECAPITALISATION PROPOSAL
* BOARD INTENDS TO UNANIMOUSLY RECOMMEND THAT SHAREHOLDERS VOTE IN FAVOUR OF NEXT CAPITAL PROPOSAL, IN ABSENCE OF A SUPERIOR PROPOSAL