7 September 2006
Fisher Funds not to accept Takeover Offer
Over the past few weeks we have received a significant number of enquiries from various parties asking after our
intentions regarding the Kidicorp takeover. We are now in a position to comment having completed analysis of the
Independent Advisors report prepared by Ferrier Hodgson.
Fisher Funds advises it does not currently intend to accept the Mitchell Investment Trust takeover offer for Kidicorp
Ltd.
Fisher Funds has an interest in 33.5m shares in Kidicorp representing 18.95% of the company’s issued capital. Listed
investment company, Kingfish Ltd, whose investments are managed by Fisher Funds, holds 6.9m shares of Kidicorp which
currently represents 1.3% of Kingfish’s assets. The remainder of Fisher Funds
holding is spread across a number of its investment accounts.
Background
Fisher Funds is a privately-owned boutique investment manager specializing in NZ and Australian shares. It currently
manages more than $600 million for over 8,000 investors including the Guardians of New Zealand
Superannuation and listed investment company Kingfish. Fisher Funds is the 2004 and 2005 Morningstar Fund
Manager of the Year (NZ Equities).
ENDS