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EDU HOLDINGS LIMITED — M&A Activity 2020
Dec 28, 2020
64821_rns_2020-12-28_d25785f3-74cb-44f8-a6b8-eb3b2bcd68c9.pdf
M&A Activity
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ASX / MEDIA RELEASE
29 DECEMBER 2020
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RedHill Education Limited
RedHill reiterates TAKE NO ACTION following dispatch of UCW's Bidder's Statement to shareholders
RedHill Education Limited ("RedHill" or “the Company”) (ASX:RDH) notes that UCW Limited ("UCW") (ASX:UCW) dispatched its Bidder's Statement to RDH shareholders today.
The Board of RedHill reiterates its advice to take no action in relation to UCW's unsolicited and conditional takeover bid for the Company (the "Offer") which was announced on 14 December 2020.
The RedHill Board is committed to acting in the best interests of all shareholders and to maximising shareholder value.
RedHill intends to dispatch a Target's Statement, which will contain the Board's recommendation, to RedHill shareholders on or before Wednesday, 13 January 2021.
Until then, shareholders are advised that there is no need to take any action in relation to the Offer. The Offer will be open until, at least, Friday, 29 January 2021 so there will be sufficient time after release of the Target's Statement for shareholders to determine a course of action.
RedHill has appointed E&P Corporate Advisory Pty Limited as Financial Advisor and MinterEllison as Legal Advisor in relation to the Offer.
Should you have any queries regarding the Offer, please contact the RedHill shareholder information helpline on 1300 148 799 or +61 3 9415 4265.
Authorised for release to ASX by the Board of Directors of RedHill.
CONTACT
Glenn Elith Lisa Jones Chief Executive Officer Company Secretary Email: [email protected] Email: [email protected]
ABOUT REDHILL
RedHill has a portfolio of quality education businesses at the premium end of the private education market to capitalise on the demand for higher education, vocational training and English language programmes. For further information refer to our website www.redhilleducation.com.
RedHill Education Limited – ACN 119 952 493 L2, 7 Kelly St, Ultimo NSW 2007 T +61 2 8355 3820 | F +61 2 9211 8355 | W www.redhilleducation.com