Count amends Diverger offer

Count has amended its binding scheme implementation agreement to acquire Diverger, announced in September and due to be completed in February.

In an update to the ASX, Count said the new terms included $0.40 in cash per Diverger ordinary share and 1.44 newly-issued ordinary shares in Count per Diverger ordinary share.

As an alternative to the standard consideration, Diverger shareholders will be offered the choice of receiving alternative consideration of either $1.20 per Diverger ordinary share in cash or 2.16 Count ordinary shares per diverger ordinary share.

The transaction continues to be unanimously recommended by the Diverger board of directors.