Brief: Icollege Ltd Says Co And Redhill Agree Terms To Create ASX-Listed Education Provider

I Synergy

12/08/2021 02:29

Aug 12 (Reuters) - iCollege Ltd  ICT.AX :
    * ICOLLEGE AND REDHILL AGREE TERMS TO CREATE ASX-LISTED
EDUCATION
PROVIDER
    * REDHILL BOARD UNANIMOUSLY RECOMMEND REDHILL SHAREHOLDERS
ACCEPT
REVISED OFFER OF 9.5 ICOLLEGE SHARES FOR EACH REDHILL SHARE
    * UNDER REVISED OFFER, ICT SHAREHOLDERS WILL OWN 54.6% AND
REDHILL
SHAREHOLDERS WILL OWN 45.4% OF MERGECO
    * REVISED ICT OFFER IMPLIES A VALUE OF A$1.235 PER REDHILL
SHARE

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Further company coverage:  ICT.AX 

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