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Feb 5 (Reuters) - Sea Harvest Group Ltd SHGJ.J : VOLUNTARY...

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    05/02/19
    16:20
    Post #: 37337925

    Feb 5 (Reuters) - Sea Harvest Group Ltd SHGJ.J :

    • VOLUNTARY ANNOUNCEMENT RELATING TO THE PROPOSED TAKEOVER OFFER FOR MARETERRAM LIMITED
    • SEA HARVEST IS OFFERING A$0.25 PER MARETERRAM SHARE
    • ENTERED INTO BINDING BID IMPLEMENTATION AGREEMENT WITH ITS 56.3% HELD AUSTRALIAN SUBSIDIARY, MARETERRAM LIMITED
    • ACQUISITION PRICE FOR PROPOSED OFFER AT A$16.9 MILLION
    • ACQUISITION PRICE WILL BE FUNDED FROM EXISTING CASH RESOURCES OF SEA HARVEST
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