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SUPER RETAIL GROUP LIMITED — Capital/Financing Update 2011
Oct 19, 2011
65878_rns_2011-10-19_e371ff90-4656-4ce7-b6b6-b3881ec3a4d5.pdf
Capital/Financing Update
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20 October 2011
Ms Melissa Grundy State Manager QLD ASX Compliance Level 5 Riverside Centre 123 Eagle Street BRISBANE QLD 4000
Dear Melissa,
NOTICE TO ASX: CORRECTION, Super Retail Group Limited (ASX: SUL) – Acquisition of Rebel Group and Entitlement Offer
The Super Retail Group presentation in relation to the acquisition of Rebel Group and Entitlement Offer lodged with the ASX on 17 October 2011 contained a typographical error in relation to the combined group’s pro-forma balance sheet.
The “Intangibles” balance and “Other” balance for Super Retail Group read 11 and 111 respectively. The correct balances are in fact 111 for “Intangibles” and 11 for “Other”. The corresponding pro-forma combined totals should then be 630 for “Intangibles” and 22 for “Other”.
An amended version of the relevant page in the presentation is attached.
Yours sincerely, Super Retail Group Limited
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Robert Dawkins Company Secretary
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| A$m | Super Retail | Pro-forma | Pro-forma adjustments | Pro-forma adjustments for | Pro-forma |
|---|---|---|---|---|---|
| (FY11) | Group | Rebel Group | for acquisition(1) | debt and Entitlement Offer(2) | FY11 |
| CURRENT ASSETS | |||||
| Cash | 26 | - | (620) | 620 | 26 |
| Receivables | 22 | 8 | - | - | 30 |
| Inventories | 293 | 100 | - | - | 392 |
| Total current assets | 341 | 108 | (620) | 620 | 448 |
| NON-CURRENT ASSETS | |||||
| PP&E | 109 | 38 | - | - | 147 |
| Intangibles | 111 | 3 | 515 | - | 630 |
| Other | 11 | 9 | - | 2 | 22 |
| Total non-current assets | 231 | 50 | 515 | 2 | 799 |
| CURRENT LIABILITIES | |||||
| Trade and other payables | 122 | 53 | - | - | 175 |
| Borrowings | - | - | - | - | - |
| Other | 23 | 7 | - | - | 31 |
| Total current liabilities | 146 | 60 | - | - | 206 |
| NON-CURRENT LIABILITIES | |||||
| Trade and other payables | 15 | - | - | - | 15 |
| Borrowings | 99 | - | - | 294 | 393 |
| Other | 8 | 3 | - | - | 11 |
| Total non-current liabilities | 123 | 3 | - | 294 | 420 |
| NET ASSETS | 304 | 95 | (105) | 328 | 622 |
| TOTAL EQUITY | 304 | 95 | (105) | 328 | 622 |
(1) Represents the purchase price of A$610m, plus A$10m acquisition costs which will be expensed.
(2) Represents total funds raised of A$630m, representing A$334m from the Entitlement Offer and A$296m debt, less transaction costs of A$8m relating to the Entitlement Offer and A$2m relating to the debt. Debt has been classified as non-current on the assumption that the special resolution referred to on slide 23 is passed. Note: Numbers may not add due to rounding.
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