Sharechat Logo

Abano Healthcare Group Limited (NZX: ABA) Shareholder Letter

Thursday 10th December 2020

Text too small?

The final steps in the Scheme process are now being undertaken. On 9 December 2020, the High Court granted final Court orders approving the Scheme. Abano has also applied to NZX to suspend trading in Abano shares ahead of the record date for the Scheme and to de-list the company from NZX on implementation of the Scheme. The last day of trading in Abano shares will therefore be 14 December 2020 and the record date for determining shareholder entitlements to participate in the Scheme is 5pm on 16 December 2020.

Subject to a limited number of customary conditions, payment of the headline Scheme price is expected on 22 December 2020. The Scheme price is NZ$5.20 per share in cash, unless an Adjustment Event occurs prior to 8am on the implementation date of the Scheme. If this happens, the Scheme price will be reduced on the basis described in the Scheme Booklet. The maximum reduction is 75 cents per Abano share and, therefore, the minimum Scheme price is NZ$4.45 per share. There has been no Adjustment Event to date.

For those shareholders that have already provided their bank account details to Computershare, the payment will be made by direct credit. We encourage all shareholders to provide their bank account details for prompt payment.

See the link below for more details:

Letter to Shareholders 10 December 2020

Source: Abano Healthcare Group Limited



  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:

Allied Farmers Limited (NZX: ALF) FY21 Half Year Report
New Zealand Rural Land Company Limited (NZX: NZL) Interim Report to 31 December 2020
Seeka Limited (NZX: SEK) Announces its 31 December 2020 Result
Evolve Education Group Limited (NZX: EVO) Announces Results for Year Ended 31 December 2020
Port of Tauranga Limited (NZX: POT) Reports Improved Profits
New Zealand Oil & Gas Limited (NZX: NZO) Half-Year Result 31 December 2020
Scales Corporation Limited (NZX: SCL) 2020 Annual Results Announcement
Marsden Maritime Holdings Limited (NZX: MMH) Half Year Result
Tourism Holdings Limited (NZX: THL) Interim Results FY21
Steel & Tube Holdings Limited (NZX: STU) Interim Results to 31 December 2020

IRG See IRG research reports