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- Release Date: 31/01/12 17:16
- Summary: TAKEOVER: PGC: AEP WAIVES 90% MINIMUM ACCEPTANCE CONDITION AND EXTENDS OFF
- Price Sensitive: No
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PGC
31/01/2012 15:16
TAKEOVER
REL: 1516 HRS Pyne Gould Corporation Limited
TAKEOVER: PGC: AEP WAIVES 90% MINIMUM ACCEPTANCE CONDITION AND EXTENDS OFF
Attached is a letter that Australian Equity Partners Fund No. 1 LP ("AEP")
has today dispatched to shareholders of Pyne Gould Corporation Limited
("PGC") in relation to AEP's offer for all of the ordinary shares in PGC (the
"Offer"). In the letter AEP:
waives the 90% minimum acceptance condition. As the 50% minimum acceptance
condition has been satisfied, the Offer is now unconditional as to
acceptances. The other conditions of the Offer continue to apply, except to
the extent that they have been waived by AEP prior to the date of this
announcement; and
extends the closing date for the Offer from 31 January 2012 to 15 February
2012 (unless further extended in accordance with the Takeovers Code).
31 January 2012
End CA:00219029 For:PGC Type:TAKEOVER Time:2012-01-31 15:16:39
