ASG : announces recommended cash offer from Nomura Research Institute of A$1.63 per share

30 September 2016

ASG Group announces recommended cash offer from Nomura Research Institute of A$1.63 per share

• ASG Group Limited (ASX:ASZ, 'ASG') and Nomura Research Institute, Ltd. (TYO:4307, 'NRI') have entered into a Scheme Implementation Agreement ('SIA') under which it is proposed that NRI will acquire 100% of the shares in ASG ('Scheme')
• NRI has offered to acquire ASG for A$1.63 cash per ASG share, valuing the diluted equity of ASG at ~A$349 million1
• The offer price represents attractive premia of 20% to last close on 29 September 2016, 27% to the 10 trading day volume weighted average price ('VWAP') and 38% to the 3 month VWAP
• The SIA contains conditions, including approval by ASG shareholders, the Court and the Foreign Investment Review Board ('FIRB'), an Independent Expert opining that the Scheme is in the best interests of ASG shareholders and other customary conditions being satisfied (unless waived)
• ASG's Independent Board Committee ('IBC') unanimously recommends that all ASG shareholders vote in favour of the Scheme in the absence of a superior proposal and subject to an Independent Expert opining that the Scheme is in the best interests of shareholders

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