Take no action
As previously announced, Royalco's board of directors has formed an independent board committee (IBC) comprising Mr
The IBC is reviewing the Offer and Bidder's Statement and is not currently in a position to make a formal recommendation to shareholders. Shareholders are advised to take no action in relation to the Offer at this stage. A Target's Statement containing a formal recommendation from the IBC will be sent by the Company to shareholders as soon as practicable.
Independent expert
Royalco has appointed an independent expert, BDO Corporate Finance (
Contact:
Tel: + 61 2 9048 8856
Email: info@royalco.com.au
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