Transcription of For personal use only - asx.com.au
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For personal use only - asx.com.au
12 October 2017 ASX Release MANTRA GROUP S BOARD UNANIMOUSLY RECOMMENDS SCHEME OF ARRANGEMENT WITH ACCORHOTELS The Board of Directors of Mantra Group Limited (Mantra or the Company) (ASX:MTR) is pleased to announce that it has entered into a binding agreement with Accor (AccorHotels) whereby AccorHotels will acquire all of the shares of Mantra at a price of A$ cash per share (on a fully diluted basis), including a potential special dividend, by way of a scheme of arrangement (Scheme). A Scheme Implementation Agreement (SIA) has been signed to give effect to this Transaction. Under the terms of the Scheme, Mantra shareholders will be entitled to receive A$ cash per share (Cash Consideration) subject to all applicable conditions being satisfied or waived and the Scheme being implemented.
2 Scheme Implementation Agreement ACCC means the Australian Competition and Consumer Commission. Adviser means, in relation to an entity, its legal, financial and other expert advisers (not including the Independent Expert). AIFRS means the International Financial Reporting Standards as adopted in Australia. ASIC means the Australian Securities and Investments Commission.
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