JWI
04/11/2014 16:24
TAKEOVER
REL: 1624 HRS Just Water International Limited
TAKEOVER: JWI: Harvard JV waiver of all offer conditions
Harvard JV waiver of all offer conditions
Further to its announcement this afternoon, Just Water International Limited
(NZAX:JWI) has now been notified that Harvard JV will waive all of the
conditions (including the 90% minimum acceptance condition) before it makes
its full takeover offer for the company.
The offer is expected to be despatched, and the independent directors advice
in relation to the offer is expected to be available, around 14 November.
The independent committee of directors recommends that shareholders do not
sell their shareholdings in the company in the meantime.
Paul Connell
Chairman
Just Water International Limited
+64 (21) 454561
About Just Water International Limited:
Just Water International Limited operates in New Zealand and Australia
supplying water-coolers, drinking water and filters for the home and office.
The Company was listed on the New Zealand Stock Exchange (Alternative Market)
in 2004.
The New Zealand business was started in 1989, and has grown to a base of over
35,000 recurring contracts, the Company deriving a recurring income from
monthly rental, water sales or maintenance agreements.
The Australian business arose through the acquisition of Clearwater Filter
Systems (Aust) Pty Limited in 2005 to take advantage of the growth of
point-of-use water-coolers in Australia. Clearwater has its Head Office in
Sydney, with branch offices in Brisbane and Melbourne.
End CA:00257227 For:JWI Type:TAKEOVER Time:2014-11-04 16:24:38
