KMD
29/07/2015 15:51
TAKEOVER
NOT PRICE SENSITIVE
REL: 1551 HRS Kathmandu Holdings Limited
TAKEOVER: KMD: Important information for Kathmandu shareholders
On Friday, 24 July 2015, we mailed Briscoe Group's Offer documents to you and
other Kathmandu shareholders for Briscoe Group's takeover offer to purchase
the 80.1% of shares in Kathmandu that Briscoe Group does not already own.
The offer is five Briscoe Group shares for every nine Kathmandu shares plus a
cash amount of NZ$0.20 per Kathmandu Share. Under rule 46(1) of the
Takeovers Code, Kathmandu is now required to prepare and send you a Target
Company Statement. That Target Company Statement is to include a report by
an Independent Adviser on the merits of the offer required under rule 21 of
the Takeovers Code. Kathmandu has confirmed that a copy of the Target
Company Statement will be sent to all Kathmandu Shareholders no later than 7
August 2015.
Below is a statement specified under the Takeovers Code, which urges you to
seek advice if you are in doubt as to any aspect of the offer, what to do if
you no longer own shares in Kathmandu but have received the offer document,
and informing you that a Target Company Statement will be sent to you and
that it should be read in conjunction with the offer. The full text of this
statement was omitted from the offer document and the Panel has requested
Briscoe Group to issue a notice that sets out the full text of the statement
as required by the Takeovers Code.
If you are in any doubt as to any aspect of this Offer, you should contact
your legal or financial adviser. If you require further copies of the Offer
document (or its enclosures, such as Acceptance Forms and reply paid
envelopes), you should contact Link Market Services Limited:
Telephone: 09 375 5998 +64 9 375 5998
(from inside New Zealand) (from outside New Zealand)
Email: [email protected]
(Please put 'Briscoe Group Acceptance' in the subject line for easy
identification)
IMPORTANT
If you are in doubt as to any aspect of this offer, you should consult your
financial or legal adviser.
If you have sold all your shares in Kathmandu Holdings Limited to which this
offer applies, you should immediately hand this offer document and the
accompanying acceptance form to the purchaser or the agent (eg the broker)
through whom the sale was made, to be passed to the purchaser.
Kathmandu Holdings Limited's target company statement, together with an
independent adviser's report on the merits of this offer either accompanies
this offer or will be sent to you within 14 days and should be read in
conjunction with this offer.
For and on behalf of the Board of Directors
Dame Rosanne Meo
Chairman
End CA:00267651 For:KMD Type:TAKEOVER Time:2015-07-29 15:51:08
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