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- Release Date: 10/07/13 12:50
- Summary: GENERAL: TWR: Washington Securities Pty Limited - unsolicited offer
- Price Sensitive: No
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TWR
10/07/2013 10:50
GENERAL
REL: 1050 HRS Tower Limited
GENERAL: TWR: Washington Securities Pty Limited - unsolicited offer
10 July 2013
Market Information
NZX Limited
Level 2, NZX Centre
11 Cable Street
Wellington
NEW ZEALAND
Company Announcements Office
Australian Stock Exchange Limited
Exchange Centre
Level 6, 20 Bridge Street
Sydney NSW 2000
AUSTRALIA
Washington Securities Pty Limited - unsolicited offer
TOWER Limited (TOWER) has been advised that Washington Securities Pty Limited
(Washington Securities) intends to make another unsolicited offer to some
TOWER shareholders, offering to buy TOWER shares for $1.20 per share.
The price offered of $1.20 per share is a substantial discount to the current
market price of TOWER shares. The market price of TOWER shares on the NZX was
$2.01 per share at close of trading on 9 July 2013.
Should you as a TOWER shareholder receive such an offer, TOWER strongly
recommends that you seek independent advice from your financial adviser and
check the most recent market price for TOWER shares on the NZX or in the
newspaper. Shareholders who sell through a sharebroker will receive the full
market price, less any brokerage fees. Details for sharebrokers can be found
at www.nzx.com.
Under the Securities Markets (Unsolicited Offers) Regulations 2012,
shareholders who choose to accept the offer have the right to cancel any
acceptance not later than 10 working days after the date of acceptance.
ENDS
For further information, please contact:
David Hancock
Chief Executive Officer
TOWER Limited
Tel: + 64 9 369 2188
ARBN 088 481 234 Incorporated in New Zealand
End CA:00238408 For:TWR Type:GENERAL Time:2013-07-10 10:50:47
