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STEADFAST GROUP LIMITED — M&A Activity 2019
Sep 15, 2019
65758_rns_2019-09-15_bbba6e80-6642-4375-861d-1828104a6f00.pdf
M&A Activity
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16 September 2019
Market Announcements Office ASX Limited Exchange Centre 20 Bridge Street SYDNEY NSW 2000
Dear Sir
Steadfast Group’s takeover bid for IBNA
We refer to our letter of 26 July 2019.
We enclose for the market’s information our formal notice of status of conditions today to ASIC and IBNA.
This notice is required by law and gives an update as at today, which may change.
We also attach a page from the Bid Implementation Agreement which refers to conditions (a) to (c) mentioned in today’s notice.
Yours faithfully
Robert Kelly Managing Director and Chief Executive Officer
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Steadfast Group Limited ABN: 98 073 659 677
Level 4, 99 Bathurst Street, Sydney NSW 2000 PO Box A980, South Sydney NSW 1235 T +61 (02) 9495 6500 W steadfast.com.au
STEADFAST GROUP LIMITED ACN 073 659 677
NOTICE OF STATUS OF CONDITIONS
- TO: IBNA Limited (ACN 086 563 055) (“ Target ”)
Australian Securities Investment Commission (“ ASIC
In relation to the offer (“ Offer ”) made pursuant to the Bidder’s Statement dated 21 August 2019 (“ Bidder’s Statement ”) by Steadfast Group Limited ACN 073 659 677 (“ Steadfast ”), Steadfast gives notice under section 630(3) of the Corporations Act 2001 (Cth) that:
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a) as stated in the notice under section 630(4) of the Corporations Act 2001 (Cth) dated 11 September 2019, the condition set out in paragraph (a) of Appendix 2 of the Bidder’s Statement has previously been fulfilled; and
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b) as at the date of this notice, the conditions to the Offer set out in paragraphs (b) and (c) of Appendix 2 to the Bidder’s Statement have not been fulfilled.
As at the date of this notice, the Bidder’s voting power in the Target is 90.12% comprising 7,586,330 of 8,418,317 shares presently on issue.
This notice is dated 16 September 2019.
Signed by _________________________________ on behalf of Steadfast Group Limited
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