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Gateway Lifestyle Group Announces Compulsory Acquisition

11 Oct 2018  |  14:11:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Compulsory Acquisition

Gateway Lifestyle Group advised that the Hometown's off-market takeover offer for all the stapled securities of the Company is scheduled to close on 15 October 2018. Hometown currently has a relevant interest in more than 90% of the Company's stapled securities. Accordingly, Hometown will proceed to exercise its right to compulsorily acquire all the remaining Company's stapled securities. The Company's Securityholders who have not accepted the Offer are encouraged to accept the Offer without delay. The Securityholders who accept the Offer before the Offer closes on 15 October 2018 will be paid $2.25 cash per Company's stapled security within 7 business days of receipt of a valid acceptance.

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