THL
17/10/2012 12:49
MERGER
REL: 1249 HRS Tourism Holdings Limited
MERGER: THL: Tourism Holdings bank credit approval for proposed merger
17 October 2012
TOURISM HOLDINGS LIMITED ("the Company")
Bank approval to fund the proposed merger of the Company's NZ rentals
business with KEA Campers and United Campervans.
The Company is pleased to advise that it has today received bank credit
approval for the increase in its bank facilities to fund the proposed merger
of the Company's NZ rentals business with KEA Campers and United Campervans.
Legal documentation is currently being finalised which includes satisfaction
of customary financing conditions precedent.
The proposed merger and therefore drawdown of these funds remains conditional
on shareholder approval, to be sought at the special meeting on the 19th
October 2012.
Announcement authorised by:
Ian Lewington
Chief Financial Officer
Tourism Holdings Limited
DDI: +64 9 336 4212
Mobile: +64 21 952 254
End CA:00228551 For:THL Type:MERGER Time:2012-10-17 12:49:15
Price at posting:
74.0¢ Sentiment: None Disclosure: Held
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