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- Release Date: 17/12/12 10:30
- Summary: GENERAL: TME: Fairfax Media announces the sale of 51% of Trade Me
- Price Sensitive: No
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TME
17/12/2012 08:30
GENERAL
REL: 0830 HRS Trade Me Group Limited
GENERAL: TME: Fairfax Media announces the sale of 51% of Trade Me
For immediate release
17 December 2012
Fairfax Media announces the sale of 51% of issued capital in Trade Me Group
Limited
Trade Me Group Limited ("Trade Me") has been advised that Fairfax Digital
Holdings NZ Limited has entered into an agreement with an investment bank for
the sale of its remaining 51% holding of the issued capital in Trade Me.
On completion of the sale, Fairfax Digital Holdings NZ Limited will no longer
be a shareholder of Trade Me.
Trade Me understands that the book build being undertaken in connection with
this sale is continuing. Trade Me Group Limited has requested and NZX has
confirmed that a trading halt is in place in respect of Trade Me until the
book build is completed. Trade Me has also requested a trading halt on ASX.
Linda Cox
Company Secretary
Ph +61 448 911 029
ENDS
This announcement does not constitute an offer to sell, or a solicitation of
an offer to buy, securities in the United States. This announcement may not
be distributed or released in the United States. The securities offered and
sold in the sale have not been, and will not be, registered under the U.S.
Securities Act or the securities laws of any state or other jurisdiction of
the United States, and may not be offered or sold in the United States unless
the securities have been registered under the U.S. Securities Act or an
exemption from the registration requirements of the U.S. Securities Act is
available.
End CA:00231162 For:TME Type:GENERAL Time:2012-12-17 08:30:07
