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ASX:SOL

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Asia

Peninsula Energy Executes Definitive Agreement for $30 Million Debt Facility With Soul Patts Affiliate

Peninsula Energy (ASX:PEN) executed a definitive investor facility agreement with SP Financing, an affiliate of Soul Patts (ASX:SOL), giving effect to the terms of its previously announced $30 million senior secured convertible note debt facility, according to a Wednesday Australian bourse filing.The company said the terms of the facility agreement are materially consistent with those previously announced and detailed in its prospectus and notice of meeting, with drawdown of the $30 million remaining subject to customary conditions precedent being satisfied before July 31, the filing added.Peninsula Energy's shares fell past 1% in recent Wednesday trade, while Soul Patts' shares added about 1%.

ASX:PENASX:SOL
Asia

Propel Funeral Partners Says Washington H. Soul Pattinson Becomes Substantial Holder

Propel Funeral Partners (ASX:PFP) received notice that Washington H. Soul Pattinson (ASX:SOL) and its subsidiaries became a substantial holder of the company on May 14, according to a Tuesday filing with the Australian bourse.Washington H. Soul Pattinson now owns 6.9 million shares in the company, representing 5.03% of the issued shares, the filing said.

ASX:PFPASX:SOL
Asia

Monash IVF Group Rejects Revised Takeover Proposal

Monash IVF Group (ASX:MVF) rejected the revised non-binding indicative proposal from a consortium comprising Genesis Capital Investment Management and WHSP, a subsidiary of Washington H. Soul Pattinson and Co. (ASX:SOL), to acquire all of the shares in the company through a scheme of arrangement at AU$0.90 apiece, according to a Monday filing with the Australian bourse.The company's board has unanimously concluded that the proposal undervalues the company and is not in the best interest of shareholders, the filing said.

ASX:MVFASX:SOL
Asia

Monash IVF Group Receives Sweetened Takeover Offer From Genesis, Soul Patts Consortium; Shares Climb 19%

Monash IVF Group (ASX:MVF) received a revised, unsolicited, conditional, and non-binding indicative proposal from a consortium comprising Genesis Capital Investment Management and WHSP Holdings (ASX:SOL) to acquire all its shares by way of a scheme of arrangement at AU$0.90 per share, according to a Monday Australian bourse filing.The consortium, which currently owns a 19.6% stake in Monash IVF, previously made an indicative proposal at AU$0.80 per share.The company said the consortium described the offer price as the highest amount it is prepared to offer in the absence of a competing proposal, with the proposal valid until the close of business on April 21.The proposal is subject to several conditions, including exclusive due diligence with no fiduciary exceptions, negotiation and execution of transaction documentation on customary terms, unanimous board recommendation, and final internal approval from consortium members.The Monash IVF board is assessing the proposal with the assistance of financial adviser Macquarie Capital and legal adviser Clayton Utz, the filing added.Monash IVF Group's shares surged 19% in recent Monday trade, while WHSP Holdings' shares shed 1%.

ASX:MVFASX:SOL
Asia

ASX Preview: Australian Shares Set to Open Lower as US Announces Iran Blockade; Monash IVF Receives Revised Takeover Proposal

Australian shares are set to open lower on Monday after US President Donald Trump said that the US would begin a blockade of the Strait of Hormuz after peace talks between Iran and the US ended without a resolution to the conflict, sending oil prices higher.A report from The Wall Street ​Journal said that Trump and his ​advisers were considering limited ⁠strikes on Iran. Brent crude oil futures soared nearly 8% to a four-week high of $US102.80 per barrel early on Monday. Gold fell almost 2%.In corporate news, Monash IVF Group (ASX:MVF) received a revised, unsolicited, conditional, and non-binding indicative proposal from a consortium comprising Genesis Capital Investment Management and WHSP Holdings (ASX:SOL) to acquire 100% of the shares in Monash IVF via a scheme of arrangement at $0.90 per share.Pro Medicus' (ASX: PME) wholly-owned US unit, Visage Imaging, signed a AU$37 million, five-year contract renewal with Northwestern Medicine.Australia's benchmark index closed just 0.1% lower, or 12.6 points, at 8,960.60 on April 10.

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