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- Release Date: 15/08/12 14:33
- Summary: S/HOLDER: TWR: Stock & Share Trading - another low ball offer
- Price Sensitive: No
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TWR
15/08/2012 12:33
S/HOLDER
REL: 1233 HRS Tower Limited
S/HOLDER: TWR: Stock & Share Trading - another low ball offer
15 August 2012
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
Stock & Share Trading - another low ball offer dated 7 August 2012
TOWER Limited (TOWER) has again been advised that Stock & Share Trading
Company Pty Limited (Stock & Share Trading) has written to some TOWER
shareholders, letter dated 7 August 2012, offering to buy TOWER shares for
$1.00 per share. The price offered of $1.00 per share is a substantial
discount to the current market price of TOWER shares. The market price of
TOWER shares on the NZX was $1.74 per share at close of trading yesterday.
TOWER understands that Stock & Share Trading is an Australian company, whose
sole director and shareholder is John Armour.
Should you as a TOWER shareholder receive such an offer, TOWER strongly
recommends that you seek independent advice and check the most recent market
price for TOWER shares on the NZX.
Ends
Bronwyn Walsh
Company Secretary & Compliance Manager
TOWER Limited
ARBN 088 481 234 Incorporated in New Zealand
End CA:00225987 For:TWR Type:S/HOLDER Time:2012-08-15 12:33:31
