Diverger and Count amend agreement, boosting the Scheme Consideration

Diverger Limited (ASX: DVR) has formalized a Scheme Implementation Agreement (SIA) with Count Limited (ASX: CUP) for the acquisition of 100% of Diverger's fully diluted share capital through a Scheme of Arrangement (Scheme). In a positive update, Diverger announces an Amending Deed with Count, enhancing the consideration to Diverger shareholders.

The revised offer includes an implied consideration of AU$1.3651 per Diverger share. This comprises a cash component of AU$0.40 (up from AU$0.367) and an increased scrip consideration of 1.44 Count shares (previously 1.38) per Diverger share, offering shareholders flexibility in choosing cash or shares. Diverger can now also issue a fully franked cash dividend of up to AU$0.10 per share before Scheme implementation, deducting the dividend amount from the Scheme Consideration. The Permitted Dividend is contingent upon the Scheme's progression and is subject to the Diverger Board's discretion, considering various factors.

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