Asahi receives 53% shareholder acceptances
Asahi receives 53% shareholder acceptances
22 July
2011 – Asahi Beverages New Zealand Limited (“Asahi”)
refers to the full cash takeover offer dated 21 July 2011
for all of the issued share capital of Charlie’s Group
Limited (“Charlie’s”) at an offer price of 44 cents
per share (the “Offer”).
Asahi is pleased to
announce that, as at the close of business on 22 July, Asahi
has received valid acceptances representing 53.21% of
Charlie’s shares. These include acceptances received from
a number of key shareholders, including Collins Asset
Management Limited, Tim Cook, Ted van Arkel and the trustees
of the family trusts of Stefan Lepionka (the Chief Executive
Officer of Charlie’s), Simon Neal and Marc Ellis.
The Offer remains conditional, including upon Asahi
obtaining all consents required under the Overseas
Investment Act 2005 and the Overseas Investment Regulations
2005 for Asahi to complete the acquisition of the
Charlie’s shares under the Offer.
Asahi encourages
Charlie’s shareholders to accept the Offer as soon as
possible. The Offer will close for acceptance at midnight
on 19 August 2011, unless extended by Asahi in accordance
with the Takeovers Code.
ends