Oct 3 (Reuters) - Webster Ltd WBA.AX :
* WEBSTER ENTERS INTO SCHEME IMPLEMENTATION AGREEMENT WITH PSP INVESTMENTS
* PSP BIDCO, TO ACQUIRE ALL ORDINARY SHARES IN WEBSTER THAT IT DOES NOT ALREADY OWN FOR $2.00 IN CASH PER SHARE
* WEBSTER PREFERENCE SHAREHOLDERS TO BE OFFERED $2.00 PER PREFERENCE SHARE VIA A SEPARATE, CONTEMPORANEOUS SCHEME OF ARRANGEMENT
* SCHEME AND PREFERENCE SHARE SCHEME IMPLY A MARKET CAPITALISATION FOR WEBSTER OF APPROXIMATELY $724 MILLION
* PSP BIDCO ALSO INTENDS TO ACQUIRE ALL OF WEBSTER PREFERENCE SHARES FOR $2.00 PER PREFERENCE SHARE VIA A SEPARATE SCHEME
* CO ENTERS INTO A BINDING SCHEME IMPLEMENTATION AGREEMENT WITH PSP BIDCO AND SOOKE INVESTMENTS INC