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Company News Summary

Gateway Lifestyle Group Provides Hometown Takeover Offer Update

14 Sep 2018  |  15:16:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Hometown Takeover Offer Update

Gateway Lifestyle Group updated regarding extension of date for giving notice of status of conditions for off-market takeover bid by A.C.N. 626 522 085 Pty, Hometown Australia Management Pty and Hometown Australia Nominees Pty as trustee for Hometown Australia Management Pty to acquire all stapled securities in the Company. As reported, Hometown has extended the offer period under its Offer so that it is scheduled to close on 8 October 2018 with accelerated payment terms under the Offer. Also, the Company's Board has unanimously recommended the shareholders to accept the offer as soon as reasonably practicable (in the absence of a superior proposal).

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