INDEPENDENT NEWS

Partial Takeover of Acurity Health Group Limited

Published: Thu 30 Aug 2012 05:15 PM
Partial Takeover of Acurity Health Group Limited (formerly Wakefield Health Limited) at $6.00 per share
30 August 2012
The directors of Austron Limited (Austron), in conjunction with AMP Capital Investors (New Zealand) Limited (AMP), make this announcement regarding their lock-up arrangements relating to Austron’s partial takeover offer for Acurity Health Group Limited.
Responding to shareholder comments, the Takeovers Panel has considered certain aspects of those lock-up arrangements. As a result of that review, the Panel has requested that AMP give effect to the lock-up arrangements, close to the closing of the offer and on the basis of publicly available information, by procuring the further acceptance of the offer for a specified number of shares. Austron and AMP have agreed to that request.
The full intent of the lock-up arrangements remains intact. All Acurity shareholders can be certain that the 50.01% minimum acceptance condition in the offer will be met.
AMP has already procured valid acceptances for the $6.00 a share cash offer for 862,998 shares (approximately 5% of Acurity’s shares).
All shareholders, irrespective of the number of shares they hold, will be treated in the same way:
All shareholders who accept for up to 50.01% of their Acurity shares will have those shares accepted under the offer.
All shareholders who accept for more than 50.01% of their Acurity shares may be scaled down, but they will always have a minimum of 50.01% of all of their shares accepted.
Austron’s offer will close on 6 September 2012 and will not be extended.
ENDS

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