SCY 0.00% 14.0¢ smiths city group limited

Ann: S/HOLDER: SCY: UNSOLICITED OFFER BY ZERO COM

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    • Release Date: 19/10/12 15:12
    • Summary: S/HOLDER: SCY: UNSOLICITED OFFER BY ZERO COMMISSION NZ LTD
    • Price Sensitive: No
    • Download Document  1.65KB
    					
    
    SCY
    19/10/2012 13:12
    S/HOLDER
    
    REL: 1312 HRS Smiths City Group Limited
    
    S/HOLDER: SCY: UNSOLICITED OFFER BY ZERO COMMISSION NZ LTD
    
    19 October 2012
    
    NZX Market Release
    Smiths City Group Limited - Zero Commission Small shareholder offer
    
    UNSOLICITED OFFER BY ZERO COMMISSION NZ LTD
    
    On 30 September 2012, a company called Zero Commission NZ Ltd made a request
    to be provided with a copy of Smiths City Group Limited's (SCG) share
    register.
    
    A copy of the share register was provided to Zero Commission NZ Ltd, as is
    required by law (under the Companies Act 1993).
    
    It has been bought to our attention that Zero Commission NZ Ltd has now
    written to shareholders of SCG with an offer to buy their SCG shares for
    $0.50 per share.  The offer is for a maximum 500,000 SCG shares.
    
    You should be aware that the Board of SCG does not endorse this offer.
    
    For your information, the last share trade for SCG shares prior to this
    announcement was at a price of $0.56 per share on 19 October 2012.
    
    SCG is listed on the NZSX and shareholders are able to trade their shares
    through this market using a licensed share broker.
    
    We recommend that shareholders who have received an offer from Zero
    Commission NZ Ltd seek independent financial or legal advice if they are
    uncertain about this matter or are contemplating selling their SCG shares.
    Shareholders are under no obligation to accept any offer or to take any
    action in respect of it.
    
    For further information, please contact the undersigned.
    
    Announcement authorised by:
    
    Rick Hellings
    Managing Director
    Smiths City Group Limited
    Office: (03) 983 3011
    Mobile: 029 983 3011
    End CA:00228669 For:SCY    Type:S/HOLDER   Time:2012-10-19 13:12:57
    				
 
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