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PANORAMIC BOARD UNANIMOUSLY RECOMMENDS REJECTION OF IGO TAKEOVER OFFER

ENTITLEMENT OFFER

INVESTOR PRESENTATION
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PANORAMIC BOARD UNANIMOUSLY RECOMMENDS REJECTION OF IGO TAKEOVER OFFER

Highlights

  • Panoramic Directors unanimously recommend that shareholders REJECT the unsolicited, highly conditional off-market takeover bid by IGO
  • Target’s Statement to provide detailed reasoning for this recommendation
  • Independent Expert’s Report from KPMG to be provided when available and the Panoramic Board will review its recommendation at that time
  • To REJECT the IGO Takeover Offer, Panoramic shareholders should ignore all documents sent by IGO
Download ASX Announcement HERE

ENTITLEMENT OFFER

Key Details

  • Conditionally underwritten 1 for 6 accelerated pro-rata non-renounceable entitlement offer to raise approximately $31 million (after costs)
  • Offer price of $0.30 per New Share represents a 16.7% discount to last closing share price of $0.36
Download Entitlement Offer Announcement HERE
Download Entitlement Offer INVESTOR PRESENTATION HERE
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