Australia's largest stock trading and investment forum Australia's #1 stock forum

RFL

0.00%

16.5¢ rubik financial limited

At NZ$3 I read

First 7 Last

Share
Profile

Follow
peterdoobes

2,469 Posts.

55

18/12/14

13:24

Post #: 14481099
Share

Originally posted by imran khan ↑

FIN takeover coming up

-------------------------------

FIN
18/12/2014 13:19
TAKEOVER
PRICE SENSITIVE
REL: 1319 HRS Finzsoft Solutions Limited

TAKEOVER: FIN: Statement From Finzsoft Chair Re: Potential Takeover Offer

STATEMENT FROM FINZSOFT CHAIRMAN, BRENT IMPEY

A previous version of this document was released identifying Silverlake HGH
Limited as BidCo Limited, this has been amended to Silverlake HGH Limited.

18 December 2014, Auckland -The Board of Finzsoft Solutions Limited
(Finzsoft) (NZX:FIN) welcomes the announcement today that Andrew Holliday,
who is both the Managing Director of Finzsoft and associated with the
majority shareholder of Finzsoft has formed a company, Silverlake HGH Limited
(Silverlake HGH) with Silverlake Axis Limited (SAL), a provider of digital
economy solutions, and understands that Silverlake HGH intends making an
offer to all Finzsoft shareholders under the Takeovers Code in the New Year.

As signaled to the market, the Finzsoft board had engaged PWC to assist with
a strategic review of Finzsoft's capital and ownership structure. Through the
review process we identified Silverlake Axis Limited as a strategic partner
in the Asia Pacific region with the expertise, market access and client base
to take Finzsoft to the next level.

If Silverlake HGH proceed with the offer, it will send finalised offer
documents to shareholders but I understand that this will not occur until
after the holiday period. The Board will provide a further update on the
process as it becomes aware.

An Independent adviser's report on the merits of the offer will be
commissioned by the Board in accordance with the Takeovers Code. The company
will also prepare its response to the offer. At this time it is hoped that
the report and the response can be distributed to shareholders with the
offer. ENDS

Expand

At NZ$3 I read

RFL Price at posting: 20.0¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

With financials holding the fort, materials must step up with some heavy lifting to stimulate stocks

SS1

Sun Silver submits US$60M Silver Paste Funding Application to US DoE

Eurozone-based companies find new ways to secure a regional lithium supply

End of FY is a time to juggle wins, losses and capital gains taxes

Time for retail therapy buying in the shopping Scentre for hot stocks