Pacific Smiles Group Limited (ASX: PSQ) has entered into a scheme implementation deed with NDC BidCo Pty Ltd. NDC BidCo has increased its proposed cash offer for Pacific Smiles shares to AU$1.91, marking it as their best and final price, barring any superior proposals from third parties or recommendations from the Pacific Smiles Board. The announcement follows the establishment of a scheme implementation deed for NDC BidCo to acquire 100% of Pacific Smiles shares, and the new proposal has been formalized through a variation to the deed. If the scheme is approved, shareholders will receive AU$1.91 per share, consisting of an AU$0.07 Permitted Dividend and AU$1.84 Scheme Consideration, with specific record dates set for dividend and share consideration pay-outs.
The Pacific Smiles Directors recommend that shareholders vote in favour of the Scheme Resolution, provided no better offers emerge and the Independent Expert confirms that the scheme is in shareholders' best interest.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
