Sharechat Logo

Augusta Committee to oversee Centuria takeover notice

Tuesday 16th June 2020

Text too small?

Augusta Capital Limited (NZX: AUG ) advises that its Board has now formed a committee to oversee Augusta’s response to Centuria’s takeover notice and any ensuing takeover offer. The committee members are independent chairman, Paul Duffy, and independent directors Mark Petersen and Kevin Murphy.

The Board committee is currently considering the terms outlined in the takeover notice and will not make further comment on the proposed offer at this early stage. It will appoint an independent adviser to prepare an independent adviser report under the Takeovers Code. The committee has also today appointed Cameron Partners as financial adviser to the committee and Chapman Tripp as legal adviser.

The independent directors recommend that shareholders do not take any action in respect of their shares until they receive a target company statement, including any recommendation from directors of Augusta, and the independent adviser’s report. Shareholders who are considering selling their shares before then are recommended to seek their own professional advice.



  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

U.S. Added 4.8 Million Jobs in June as Reopened Businesses Rehired
Auditors have a duty to be alert to fraud
Strong sales recovery but uncertainty remains over economic outlook and potential second wave of COVID-19
Auditors keep falling into the same trap
The great interruption continues
Update on Clutha Upper Waitaki Lines Project
Napier Port Welcomes Inland Port Funding
Auckland Airport provides details of Other Significant Items expected to impact 2020 financial results and an update on further organisational change
Commercial Bay Tower fire
Industre Property Joint Venture Commences

IRG See IRG research reports