Description:
INFORMATION NOT YET AVAILABLE
SJB has been subject to a takeover offer by St Laurence:
Active
property investor St Laurence Property & Finance Limited announced
today that its takeover offer for all of the parcels of shares and
mortgage bonds owned by property syndicate St John Balanced Property Fund
Limited (St John) dated 21 December 2006 (the Offer) is now unconditional.
St Laurence Property & Finance has confirmed that it has received
acceptances under the Offer that will result in the company holding or
controlling over 50.1% of the voting rights in St John, and that all of
the other conditions of the Offer have been satisfied.
St Laurence Property & Finance executive chairman Kevin Podmore says
that, following confirmation from major platform provider AEGIS of
acceptances received, the company now holds or control parcels in excess
of the 50.1% minimum threshold. "The acceptances St Laurence has
received to date, together with the parcels purchased by us prior to the
date of our Offer, result in us now holding over 56% of the parcels issued
by St John.
http://www.nzx.com/market/market_announcements/by_company?id=145048
http://www.takeovers.govt.nz/exemptions/en-st-laurence2006.htm
Website:
Recent announcements:
Not yet available.
Not yet available.
| Registered Office: Level 10 Pricewaterhouse Coopers Tower 188 Quay Street Auckland |
Mailing address: |
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Registrar: Computershare Investor Services Limited |
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| Other | Last updated:15-11-2007 |
Company balance date: (unknown)
