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BRIEF-Peregrine Enters Into Implementation Agreement With Capitalworks Atlanta GP Proprietary

Published 2020/03/13, 09:48
Updated 2020/03/13, 09:54
© Reuters.
PGRJ
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March 13 (Reuters) - Peregrine Holdings Ltd PGRJ.J :

* FIRM INTENTION TO ACQUIRE ALL/PORTION OF SHARES IN PEREGRINE, WITHDRAWAL OF CAUTIONARY

* ENTERED INTO AN IMPLEMENTATION AGREEMENT WITH CAPITALWORKS ATLANTA GP PROPRIETARY

* BIDCO AND INVESTCO TO JOINTLY MAKE TWO SEPARATE BUT CONCURRENT OFFERS TO ACQUIRE ALL OR A PORTION OF ISSUED ORDINARY SHARES IN CO

* BIDCO WILL OFFER ELIGIBLE SHAREHOLDERS A CASH CONSIDERATION OF R21.00 PER OFFER SHARE

* INVESTCO WILL OFFER ELIGIBLE SHAREHOLDERS A SHARE CONSIDERATION PRICED AT R17.40 PER OFFER SHARE

* PEREGRINE HOLDINGS LTD - PROPOSED DELISTING

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