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- Release Date: 10/09/12 10:31
- Summary: GENERAL: VCT: Vector warns of potential new 'low ball' share offers
- Price Sensitive: No
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VCT
10/09/2012 08:31
GENERAL
REL: 0831 HRS Vector Limited
GENERAL: VCT: Vector warns of potential new 'low ball' share offers
Vector Chairman Michael Stiassny is warning shareholders to be aware of
potential 'low ball' share offers, following two requests from third parties
for Vector's share register.
"I am concerned that these two requests will result in shareholders receiving
unsolicited offers for their shares, at a price less than the current share
price.
"I would encourage any shareholder who receives an unexpected offer to buy
their shares, to read the offer carefully, seek independent advice and check
the share price before coming to a decision," he said.
Mr Stiassny said last year over 300 Vector shareholders responded to an
unsolicited share offer and sold their shares for 34% less than the market
price.
"These shareholders did not receive a fair price for their shares and I find
that extremely disappointing.
"I am writing to shareholders to warn them of further potential 'low ball'
offers that we think may be occurring soon and hope that our shareholders
will not unwittingly sell their shares at a rate below the market value," he
said.
ENDS
End CA:00227083 For:VCT Type:GENERAL Time:2012-09-10 08:31:51
