INDEPENDENT NEWS

Abano Letter to Shareholders: Take No Action

Published: Thu 17 Nov 2016 11:27 AM
Abano Letter to Shareholders: Take No Action
Abano Healthcare Group has today sent a letter to its shareholders in regards to the notice of intention to make an unsolicited partial takeover offer from Healthcare Partners Holdings Limited.
This is a company associated with Peter and Anya Hutson and James Reeves, who have all been involved in previous attempts to gain control of Abano and to force changes to Abano’s Board. These prior attempts were unsuccessful and disruptive to Abano, and have cost Abano and its shareholders in excess of $1 million, not including management time.
The Abano Board also notes that, despite a formal request to Healthcare Partners, they have refused to allow Abano to declare its normal interim dividend and Dividend Reinvestment Plan in December 2016, which would have been paid in January 2017.
The Abano Board is advising shareholders to take no action in respect of the offer and wait for the Abano Target Company Statement, which will include the Abano Board's recommendation in respect of the offer and the Independent Adviser's Report. There is no benefit to shareholders in accepting early.
A full copy of the Shareholder Letter is attached to this announcement.
http://img.scoop.co.nz/media/pdfs/1611/FINAL_LET__Abano_Shareholder_Letter__17_November_2016.pdf
ENDS

Next in Business, Science, and Tech

February 2021 New Vehicle Registrations Strongest On Record
By: Motor Industry Association
Lockdown Equals Slowdown For Some
By: Paymark
Te Waihanga Releases Report On Water Infrastructure
By: New Zealand Infrastructure Commission
Perseverance Rover Lands On Mars – Expert Reaction
By: Science Media Centre
Matariki Almost A Half Billion Dollar Tax On Business
By: ACT New Zealand
Genesis Assessing 6,000 GWh Of Renewable Generation Options For Development By 2025
By: Genesis Energy
OECD Unemployment Rate Stable At 6.9% In December 2020, 1.7 Percentage Points Higher Than In February 2020
By: OECD
Missions To Mars: Mapping, Probing And Plundering The Red Planet
By: Binoy Kampmark
Could The Next Emirates Team New Zealand Boat Be Made Entirely Of Hemp?
By: New Zealand Hemp Industries Association Inc
View as: DESKTOP | MOBILE © Scoop Media