GFF
12/12/2014 13:46
S/A
NOT PRICE SENSITIVE
REL: 1346 HRS Goodman Fielder Limited
S/A: GFF: Court Approves Convening of Scheme Meeting
Goodman Fielder today announced that the Federal Court of Australia has
approved the convening of a meeting of Goodman Fielder shareholders, ("Scheme
Meeting") to consider and vote on the proposed acquisition of Goodman Fielder
by Wilmar International Limited and First Pacific Company Limited via a
Scheme of Arrangement ("Scheme") and approved the dispatch of the Scheme
Booklet to Goodman Fielder shareholders.
If the Scheme is approved by the requisite majority of Goodman Fielder
shareholders (other than certain excluded shareholders) and all other
conditions precedent are satisfied or waived (as applicable), Goodman Fielder
shareholders will receive a payment of A$0.675 cash per share on the
implementation date (currently expected to be 17 March 2015*) or as soon as
practicable thereafter.
A requisite majority means a majority in number (more than 50%) of Goodman
Fielder shareholders (other than certain excluded shareholders) and at least
75% of the total number of votes cast on the Scheme Resolution at the Scheme
Meeting by Goodman Fielder shareholders (other than certain excluded
shareholders) present and voting at the Scheme Meeting (either in person or
by proxy).
The Scheme Meeting will be held at 10.00am on 26 February 2015.
Information relating to the Scheme is contained within a Scheme Booklet,
including a Notice of Meeting and an Independent Expert's Report, which will
be sent to Goodman Fielder shareholders following registration of the Scheme
Booklet with the Australian Securities and Investments Commission and release
to ASX and NZX.
Goodman Fielder will continue to keep shareholders updated on any material
developments.
*********
For further information contact:
Martin Cole
Director, Corporate Affairs
+61 2 8899 7272
End CA:00258854 For:GFF Type:S/A Time:2014-12-12 13:46:44
