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Centuria Capital Provides Updated Augusta Capital Takeover Offer

30 Jun 2020  |  16:32:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Updated Augusta Capital Takeover Offer

Centuria Capital updated that it made a full takeover offer for all Augusta Capital shares that it does not already own. As reported, at the time the Company made its initial offer, it had unconditional commitments to accept the offer which, together with its existing 23.3% shareholding, amounted to 42.8% of the Augusta shares. The Company further updated that shareholders holding a further 20.9% of the Augusta shares have agreed to accept the offer if the Company increases the cash component of the offer from NZ$0.20 to NZ$0.22 per Augusta share. Also, the Company stated that it intends to declare the offer unconditional in all respects if it receives acceptances to the offer which, together with its existing shareholding in Augusta, amount to 63.5% of Augusta's shares.

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