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ADAIRS LIMITED — Major Shareholding Notification 2018
May 13, 2018
64302_rns_2018-05-13_7ff5bbef-1382-402e-ad69-5f2ae455dfa8.pdf
Major Shareholding Notification
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Release to the Australian Securities Exchange
SALE OF SHARES BY CATALYST
Melbourne, 14 May 2018:
Adairs Limited (ASX: ADH) (the “Company”) has been informed that funds managed or advised by Catalyst Investment Managers ("Catalyst") sold 12.5 million shares in the Company after-market on Friday, 11 May 2018, via an underwritten block trade. Following completion of the sale, the Catalyst shareholder entities will continue to hold in aggregate approximately 40 million shares in the Company.
Catalyst has informed Adairs that pursuant to the block trade agreement, the Catalyst shareholder entities have agreed to a 90-day escrow in respect of the remaining shares, subject to a number of customary exceptions.
An updated substantial shareholder notice will be lodged by Catalyst following completion of the sale.
End.
For further information please contact:
Corporate
Mark Ronan, CEO P: +61-3 8888 4500
Investors & Media
Ronn Bechler, Market Eye P: +61 400 009 774 E: [email protected]
Adairs Limited www.adairs.com.au 2 International Court, Scoresby, Victoria, Australia, 3179