Director Response to Masthead partial takeover offer
NOTICE OF TAKEOVER
Abano Healthcare Group Limited (NZX: ABA) advises that this morning it received notice of a proposed partial takeover from Masthead Portfolios Limited.
The proposed offer is for 38.85% of the Abano shares not already held or controlled by Masthead. This number, when taken together with Masthead’s existing shareholding, would increase Masthead’s stake in the company to 51%. The proposed offer price is $3.85 per share.
The Board will immediately proceed with the appointment of an independent expert and the fulfilment of its other obligations under the Takeovers Code.
In the meantime, and pending further communications from the company, shareholders are advised not to sell their shares or otherwise enter into any commitment to accept the proposed offer.
For further information, please contact:
Abano Healthcare Group Limited