Response to Media Speculation
Sydney, Oct 4, 2022 AEST (ABN Newswire) - Bigtincan Holdings Limited (
ASX:BTH) (BGTHF:OTCMKTS), a global software company providing a leading AI-powered sales enablement automation platform, confirms (in response to recent media speculation) that it has made a confidential, non-binding, indicative proposal to acquire 100% of the share capital of LiveTiles Limited ACN 066 139 991 (LVT) by way of scheme of arrangement (Indicative Proposal).
Under the Indicative Proposal, LVT shareholders would be entitled to receive A$0.07 cash per share, less any dividends or distributions paid to shareholders after the date of the Indicative Proposal. The Indicative Proposal contemplates LVT shareholders being given the option to receive part of the consideration in the form of shares in BTH.
The Indicative Proposal is subject to a number of conditions, including (but not limited to):
- completion of satisfactory due diligence;
- no disposal of any of LVT's material assets;
- no material change to LVT's assets or prospects; and
- entry into a scheme implementation deed on customary terms and conditions.
Discussions between BTH and LVT are preliminary in nature. No agreement has been reached and there is no certainty that any transaction will eventuate.
About Bigtincan Holdings Limited
Bigtincan Holdings Limited (ASX:BTH) (OTCMKTS:BTGHF) is helping the world's leading brands facilitate the buying experience of the future. Everything we offer is designed to be smart, flexible, and easily adapted to unique business processes with highly personalised experiences that people and brands love. We're on a mission to help companies deliver branded buying experiences that are engaging, personalised, provide value and guide people to the best decisions with confidence. Innovative companies like Nike, Guess, Prudential, and Starwood Hotels trust Bigtincan to enable customer-facing teams to intelligently prepare, engage, measure and continually improve the buying experience for their customers. For more information about Bigtincan, visit: www.bigtincan.com or follow @bigtincan on Twitter.
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