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- Release Date: 30/01/14 12:49
- Summary: GENERAL: ALF: Zero Commission NZ Limited - Unsolicited Offer
- Price Sensitive: No
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ALF
30/01/2014 10:49
GENERAL
REL: 1049 HRS Allied Farmers Limited
GENERAL: ALF: Zero Commission NZ Limited - Unsolicited Offer
[email protected]
30 January 2014
ZERO COMMISSION NZ LIMITED - UNSOLICITED OFFER
Allied Farmers Limited ("Allied") advises that Zero Commission has advised
that it will be writing to a number of Allied shareholders holding smaller
parcels of shares with an offer to buy their Allied shares for $0.041 per
share.
The Board of Allied advises that it does not endorse this offer.
The market price for Allied shares was $0.050 per share as at close of
trading on 29 January 2014.
Allied recommends that shareholders who receive an offer from Zero
Commission:
- read the Zero Commission disclosure document and terms of offer carefully
and thoroughly;
- seek independent financial and/or legal advice if they are uncertain about
this matter or are contemplating selling their Allied shares; and
- check the most recent market price for Allied shares
(www.nzx.com/companies/ALF).
Shareholders are under no obligation to accept any offer or to take any
action in respect of it.
Unsolicited share offers are now subject to The Securities Market
(Unsolicited Offers) Regulations 2012. Under these regulations, shareholders
have the right to cancel any acceptance of the offer up to 10 working days
after the date of the acceptance.
Shareholders accepting Zero Commission's offer should be aware that they are
likely to be in the position of being an unsecured creditor of Zero
Commission during the period between their shares being transferred to Zero
Commission and receiving full payment from Zero Commission.
Garry Bluett
Chairman
End CA:00246506 For:ALF Type:GENERAL Time:2014-01-30 10:49:19
