KMD
24/07/2015 16:21
TAKEOVER
NOT PRICE SENSITIVE
REL: 1621 HRS Kathmandu Holdings Limited
TAKEOVER: KMD: Briscoe Takeover Notice of Despatch
KATHMANDU HOLDINGS LIMITED
ASX/NZX/MEDIA ANNOUNCEMENT
24 July 2015
DISTRIBUTION OF TAKEOVER OFFER DOCUMENT
On 1 July 2015 Kathmandu Holdings Limited ("Kathmandu") received a takeover
notice from Briscoe Group Limited ("Briscoe") noting its intention to acquire
all the ordinary shares of Kathmandu that it does not already own. The offer
is five (5) Briscoe shares for every nine (9) Kathmandu shares and NZ$0.20 in
cash per Kathmandu share ("Offer'). Following on from that takeover notice,
Briscoe has now sent all Kathmandu shareholders an offer document seeking to
acquire their shares in Kathmandu. The Offer is subject to a number of
conditions, detailed in the offer document.
Kathmandu is now required under rule 46(1) of the Takeovers Code to prepare a
Target Company Statement and has appointed Grant Samuel to prepare an
Independent Adviser's Report required under rule 21 of the Takeovers Code. A
copy of the Target Company Statement will be sent to all Kathmandu
Shareholders no later than 7 August 2015.
At this stage, shareholders are advised to take no action in response to the
proposed Offer.
For further information please contact:
Investors:
Reuben Casey
Chief Financial Officer
+64 3 968 6166
Media:
Helen McCombie
Citadel-MAGNUS
+61 2 9290 3033
End CA:00267427 For:KMD Type:TAKEOVER Time:2015-07-24 16:21:52
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
