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COG FINANCIAL SERVICES LIMITED — M&A Activity 2010
Sep 13, 2010
64684_rns_2010-09-13_9f05dd95-ddbf-433c-b57d-8bb840ecfaf0.pdf
M&A Activity
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14 September 2010
Via: E Lodgement/ OR Fax – Company announcements: 1300 135 638
Australian Securities Exchange Continuous Disclosure Area
INCREASE OF AIC TAKEOVER OFFER
As announced by Wallace Absolute Return Ltd (WAB) on 9 September, Armidale Investment Company Pty Ltd (AIC) declared after the close of trading on 8 September that it would purchase ordinary shares in WAB on-market during the offer period for prices up to 7.9 cents per share.
It has been confirmed by AIC that it has purchased WAB shares on-market at prices up to 7.9 cents per share. Therefore, the offer price under the AIC off-market takeover offer has automatically been increased to 7.9 cents per share. All shareholders accepting the AIC off-market takeover offer will receive the increased offer price, regardless of whether they had accepted the AIC off-market takeover offer before AIC’s announcement to the ASX on 8 September.
The Board Recommends Shareholders ACCEPT AIC Offer Subject to No Superior Proposal
The Board notes that the takeover offer from E-quest Capital Pty Limited (E-quest) has now closed. The AIC takeover offer will close on 20 September 2010. The Board recommends shareholders ACCEPT the AIC takeover offer subject to no superior proposal.
For further information, contact: Michael Birch Managing Director Ph: +612 9255 9770
Wallace Absolute Return Limited
Level 3, 20 Loftus Street Sydney 2000 NSW
ABN: 58 100 854 788
PO Box R1436 Royal Exchange NSW 1225
T. +612 9255 9770 F. +612 9255 9701
E. [email protected]