Locality Planning Energy Holdings Limited (AU:LPE) has released an update.
Locality Planning Energy Holdings Limited (LPE) has been approached with an increased takeover bid by River Capital, offering 10.5 cents per share, with all previous defeating conditions waived and a shortened payment term. LPE has advised shareholders to await the Board’s formal recommendation before taking any action on the offer, which will be detailed in an upcoming supplementary target’s statement. The company continues to innovate in the electricity supply sector, focusing on renewable solutions and long-term supply agreements to benefit strata communities and enhance shareholder value.
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