KRK
21/03/2016 12:34
TAKEOVER
NOT PRICE SENSITIVE
REL: 1234 HRS Kirkcaldie & Stains Limited
TAKEOVER: KRK: Takeover Offer by Mercantile NZ Ltd - Offer Document Sent
The Company gives notice that on Friday 18 March 2016 it received notice
pursuant to rule 45 of the Takeovers Code that Mercantile NZ Limited
('Mercantile') sent the offer document to the offerees (the 'Offer').
The Company is currently in the process of preparing the Target Company
Statement in response to the Offer pursuant to rule 46 of the Takeovers Code.
The Target Company Statement will include:
o a recommendation by the directors of the Company as to whether the Offer
should be accepted or rejected; and
o an Independent Adviser Report ('IAR') assessing the merit of the Offer from
the point of view of the Company's shareholders who are not associated with
Mercantile.
The Target Company Statement will be sent to shareholders by Friday 1 April
2016, which is within 14 days of the Company being notified that the offer
document had been sent to the offerees. Kirkcaldie & Stains hopes to have
further clarity as to the surrender of the lease of 19 Regent Street, Petone
before the Target Company Statement is sent to shareholders.
ENDS
For further information:
Falcon Clouston
Chairman
End CA:00279589 For:KRK Type:TAKEOVER Time:2016-03-21 12:34:29
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