April 16 (Reuters) - Tilt Renewables Ltd TLT.NZ :
* ANNOUNCES INCREASE IN SCHEME CONSIDERATION TO NZ$8.10 PER SHARE
* AMENDED SCHEME IMPLEMENTATION AGREEMENT WITH POWERING AUSTRALIAN RENEWABLES AND MERCURY NZ
* INCREASED CONSIDERATION OF NZ$8.10 PER SHARE VALUES CO AT AN EQUITY VALUE OF NZ$3,070 MILLION AND AN ENTERPRISE VALUE OF NZ$3,238 MILLION
* HAS AGREED TO A NUMBER OF AMENDMENTS TO ORIGINAL SIA
* AMENDMENTS TO ORIGINAL SIA INCLUDE REMOVING CO'S ABILITY TO PROGRESS ANY COMPETING PROPOSAL
* MERCURY HAS ISSUED A STATEMENT CONFIRMING ITS VOTING INTENTIONS IN RESPECT OF SCHEME
* NON-CONFLICTED DIRECTORS INTEND TO VOTE IN FAVOUR OF SCHEME AND RECOMMEND OTHER SHAREHOLDERS ALSO VOTE IN FAVOUR
* IF APPROVED, SCHEME IS EXPECTED TO BE IMPLEMENTED IN AUGUST