GFF
17/03/2015 16:11
S/A
NOT PRICE SENSITIVE
REL: 1611 HRS Goodman Fielder Limited
S/A: GFF: Implementation of Scheme of Arrangement
Goodman Fielder advises that the previously announced Scheme of Arrangement
("Scheme") under which Wilmar International Limited ("Wilmar") and First
Pacific Company Limited ("First Pacific") will acquire 100% of Goodman
Fielder has been implemented today.
Wilmar and First Pacific, through 50:50 jointly owned entities, now hold all
of the shares in Goodman Fielder. Eligible Goodman Fielder shareholders who
held shares on the Scheme Record Date (10 March 2015) will be sent the Scheme
Consideration of A$0.675 cash per share today (or as soon as practicable
thereafter).
The resignation of Mr Steven Gregg, Mr Chris Delaney, Mr Ian Cornell, Ms Jan
Dawson, Ms Chris Froggatt, Mr Peter Hearl, Mr Clive Hooke and Mr Ian Johnston
from the Board of Goodman Fielder took effect from implementation.
Mr Robin Nicholson, Mr Kuok Khoon Hong, Mr Scott Weitemeyer, and Mr Graham
Pickles have been appointed to the Board of Goodman Fielder with effect from
implementation. Mr Nicholson has been appointed Chairman.
"We are delighted that the Scheme has now been implemented," said Mr
Nicholson. "This final step in the process completes First Pacific and
Wilmar's acquisition of Goodman Fielder and we look forward to working with
the business to implement our transition plans and growth agenda.
"As part of this we would like to announce that Scott Weitemeyer will be
appointed Managing Director and Chief Executive Officer of Goodman Fielder,
replacing Chris Delaney.
"We would like to thank Chris for his substantial contribution to Goodman
Fielder and particularly for his leadership of the company during a period of
significant transformation of the business, including the implementation of
the Scheme.
"Scott will work with the dedicated team at Goodman Fielder to begin building
a leading Asia-Pacific consumer foods business," Mr Nicholson said.
Goodman Fielder expects to be delisted from the ASX and NZX on Thursday, 19
March 2015.
********
For further information contact:
Martin Cole
Director, Corporate Affairs
+61 2 8899 7272
End CA:00261962 For:GFF Type:S/A Time:2015-03-17 16:11:54
