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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