KMD
09/09/2015 16:57
TAKEOVER
NOT PRICE SENSITIVE
REL: 1657 HRS Kathmandu Holdings Limited
TAKEOVER: KMD: Notice pursuant to rule 49C of the Takeovers Code
Briscoe Group Limited (Briscoe Group) made a full offer to purchase all of
the ordinary shares in Kathmandu Holdings Limited (Kathmandu) it does not
already own (Offer) under a takeover offer document dated 22 July 2015 (Offer
Document).
In accordance with Rule 49C(1) of the Takeovers Code, Briscoe Group advises
that, as at the date of this notice:
1. The Offer remains subject to the conditions set out in paragraphs 4, 5.1,
5.2 and 5.4 of the "Terms and Conditions of the Offer" section of the Offer
Document.
2. Of the conditions listed above, Briscoe Group has the right to waive the
conditions in paragraphs 4, 5.2 and 5.4. Note that Briscoe Group may only
waive the condition in paragraph 4 if Briscoe Group has received acceptances
of the Offer in respect of Kathmandu shares which, together with those
already held by Briscoe Group, confer more than 50% of the voting rights in
Kathmandu.
3. To the best knowledge and belief of Briscoe Group, after making proper
enquiry, none of the conditions listed above has been satisfied or waived.
4. The percentage of voting rights in Kathmandu in respect of which Briscoe
Group has received acceptances under the Offer is 0.93% (comprising regular
acceptances representing 0.69% and facility acceptances representing 0.24%).
When taken together with the 19.90% of voting rights in Kathmandu already
held or controlled by Briscoe Group prior to the Offer, this amounts to
20.83% of the total voting rights in Kathmandu.
Briscoe Group Limited
Geoff Scowcroft
Chief Financial Officer
End CA:00269892 For:KMD Type:TAKEOVER Time:2015-09-09 16:57:25
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