Forum Archive Index - May 2004

[Robin Benson <rob@hammerheadmedia.co.uk>]

Interesting conditions Snoopy ... they've seen a preview of Troy and  
got carried away surely ...

Robin

---------------
  - Conditions of this offer:
  This offer proposed by King Win Laurel International Ltd, the offeror,  
will come into force and consideration will be paid for every ordinary  
share with voting rights, if and only if the following conditions are  
matched:
  a) The shareholders, who agree to transfer their shares to the offeror  
with the price defined in this offer, of Restaurant Brands New Zealand  
Limited must also agree to guarantee, mortgage or pledge some  
properties, acceptance bills or any other securities, for instance,  
real estates, fixed assets, credits, letter of credit, bank acceptance  
bills, trade acceptance bills or any other securities that can be  
accepted by the nominated proxy of the offeror, in the nominated bank  
for ten years, and these guarantees, mortgages or pledges must be equal  
to the cash they will receive; and
  b) As return, the annual 3 percent return rate (before income tax)  
will be paid for the amount of these guarantees, mortgages or pledges;  
and
  c) All these guarantees, mortgages or pledges will be released  
monthly, and those of the small shareholder will be released firstly;  
and
  d) If and only if those small shareholders, whose shares, by adding  
together, have accounted for 90 percent or more of the voting rights of  
Restaurant Brands New Zealand Limited, agree to transfer under  
conditions of this offer, this offer will come into force materially.
---------------

On 14 May 2004, at 10:17, Robin Benson wrote:

> Snoopy looks like the options (viz King Win Laurel) for you RBD  
> holding have just increased by one.
>
> Robin
>
> On 8 Oct 2003, at 08:47, tennyson@caverock.net.nz wrote:
>
>> Share price wise, things are moving a little faster than I expected.   
>>   I
>> see that my guesstimated 52 week share price target band of $1.35-
>> $1.40 for RBD was almost reached today after a mere two weeks.  Add
>> in the projected annual dividend and I am looking at a nice 20% plus
>> annual return on those shares I bought in late September at $1.25
>> already. [...]
>
>
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