PGW
09/02/2016 08:50
GENERAL
NOT PRICE SENSITIVE
REL: 0850 HRS PGG Wrightson Limited
GENERAL: PGW: Agria Corporation NYSE Announcement
On 29 January 2016 Agria Corporation notified the New York Stock Exchange
(NYSE) of a non-binding takeover proposal received from its biggest
shareholder Guanglin "Alan" Lai. Mr Lai also serves as the Chairman of PGG
Wrightson (PGW).
Agria Corporation indirectly holds 50.22% of PGW through Agria (Singapore)
Pte Limited.
The independent directors of PGW, Bruce Irvine, John Nichol and Ronald Seah
have formed a Committee to consider and assess the implications, if any, that
the proposal may have for PGW. Chairman of the Committee, Bruce Irvine noted
that "it is too early to say whether the proposal will have Takeovers Code
implications for PGW. It will depend on the circumstances of the
transaction. At this time it is understood that while Agria Corporation has
received a non-binding takeover proposal, Agria Corporation has yet to
receive an offer capable of acceptance."
Mr Irvine said that the Committee would continue to closely monitor matters
and would update the market if there are any material developments requiring
consideration by PGW shareholders.
Ends.
9 February 2016
End CA:00277351 For:PGW Type:GENERAL Time:2016-02-09 08:50:33
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