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Equity Trustees Ltd To Declare Increased Offer For Trust Company Ltd To Be Unconditional


Tuesday, 12 Nov 2013 05:01pm EST 

Equity Trustees Ltd announced its intention to increase its offer for Trust Company Ltd. The Board of EQT has approved an increase in the offer ratio from 37 to 39 shares for every 100 TRU shares. EQT’s offer will also be declared free from all conditions. Formal documentation in respect of these matters will be released shortly. EQT has determined to waive all conditions of its offer. A formal notice regarding this will be released by EQT shortly. Once EQT has waived all conditions to its offer, shareholders who accept EQT’s offer will be able to receive EQT shares as consideration within a short period of time. EQT shares will be issued to those TRU shareholders who have accepted EQT’s offer already in accordance with the time period set out in the Corporations Act. EQT intends to vote all TRU shares to which it becomes entitled against the proposal from Perpetual at the scheme meeting on November 28, 2013, and urges all TRU shareholders to do the same. 

Company Quote

21.41
0.12 +0.56%
22 Aug 2014