Kathmandu Holdings Limited ("Kathmandu") acknowledges the formal notice that has been provided by Briscoe Group Limited ("Briscoe") of its intention to make an offer to acquire all of the ordinary shares of Kathmandu that it does not already own, for consideration of five Briscoe shares for every nine Kathmandu shares and NZ$0.20 in cash per share.
At this stage Kathmandu is not in a position to comment further. The Board of Kathmandu will meet shortly to consider the takeover notice and draft offer in detail.
Until the Board of Kathmandu has given further guidance, shareholders are strongly advised to take no action in relation to Briscoe's notice of intention to make a takeover offer.
Kathmandu is being advised by Goldman Sachs.
Media:
Helen McCombie
Citadel‐MAGNUS
Tel: + 61 2 8234 0103
Investors:Reuben Casey
Chief Financial Officer
Tel: +64 3 968 6166
Kathmandu Holdings Ltd11 Mary Muller Drive, Heathcote 8022 249 Park Street, South Melbourne, Victoria 3205
PO Box 1234, Christchurch 8140, New Zealand PO Box 984, South Melbourne, Victoria 3205, Australia
Phone: +64 3 373 6110 Fax: +64 3 373 6116 Phone: +61 3 9267 9999 Fax: +61 3 9267 9933 kathmandu.co.nz kathmandu.com.audistributed by |