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BENJAMIN HORNIGOLD LIMITED — M&A Activity 2019
May 27, 2019
64522_rns_2019-05-27_d7180927-3b50-4bc8-a307-194d79f5e7d0.pdf
M&A Activity
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Announcement
John Bridgeman Limited
ACN 603 477 185
28 May 2019
JOHN BRIDGEMAN LIMITED (NSX:JBL)
John Bridgeman announces increase in offer for Benjamin Hornigold
John Bridgeman Limited (NSX: JBL) ( John Bridgeman ) refers to previous announcements in respect of its offmarket takeover offer to acquire all of the issued shares and options in Benjamin Hornigold Limited (ASX: BHD ) that it currently does not own ( BHD Offer ).
Today, the Board of John Bridgeman announced that it had resolved to increase the consideration being offered from 1 JBL share per BHD share, to 1.5 JBL shares for each BHD share:
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INCREASED CONSIDERATION
John Bridgeman now offers the following consideration to BHD securityholders:
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1.5 JBL Shares for each BHD share ;
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0.5 JBL option for each BHD option.
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ALL ACCEPTANCES
The increased consideration will apply to all acceptances received to date.
The BHD Offer is not subject to any minimum acceptance level.
John Bridgeman will shortly release a second supplementary Bidder's Statement in relation to the increased consideration.
ENDS
Jody Wright
Company Secretary John Bridgeman Limited