SEE:Procurri Corp posts 75% higher 1Q earnings of $1.75 mil on higher revenue & margin
The offer price represents a 32.7% premium to the closing price of 27.5 cents on the last trading date prior to the offer, which was announced on March 15.
The confirmation from Novo Tellus comes after DeClout, a substantial shareholder in Procurri, indicated that it will vote against the partial offer on April 13. DeClout currently holds around 20% of Procurri's shareholding.
As at 9.13am, shares in Procurri are 0.5 cents or 1.39% lower at 35.5 cents.
