Link Group agrees with Dye & Durham to revise the Scheme Implementation Deed

Link Administration Holdings Limited (ASX: LNK) has agreed with Dye & Durham Corporation to revise the Scheme Implementation Deed for the Base Scheme Consideration to be revised to A$4.81 per share.

LNK Shareholders remain eligible to receive net consideration of up to 13 cents per LNK share from the sale of the Banking and Credit Management business if it is sold and the proceeds are received up to 12 months post the implementation of Revised Scheme.

Under the Revised Scheme, Dye & Durham remains obligated to use its best endeavors to pursue the sale of the BCM business for a period that continues to 12 months post the Revised Scheme implementation.

LNK highlighted that it will appoint financial advisers to sell the Company’s Banking and Credit Management business. It will start the process immediately post the Revised Scheme implementation.

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