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:

SML - Synlait Milk Limited - Trading Halt of Securities
AIA - Auckland Airport announces board chair changes
AIA - Auckland Airport announces board chair changes
CEN - Tauhara commissioning progress update
FPH initiates voluntary limited recall
March 28th Morning Report
KFL Celebrates 20 Years of Excellence in Investment Mgmt.
SVR - Savor FY24 Earnings Guidance & Change in Banking Partner
NZK - NZ King Salmon Investments Limited FY24 Results
March 27th Morning Report