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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. The Cash Consideration represents an implied market capitalisation of A$1, million and an implied enterprise value of A$1, million for the year ended 30 June 2017, on a fully diluted In addition, Mantra will have the discretion to pay shareholders a special dividend of up to a maximum of cents per share (Special Dividend) which will be deducted from the A$ headline value.
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 …
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