Press Release

    NZ Farming Systems Uruguay (NZS) receives takeover notice and issues don’t sell guidance pending evaluation of the offer

    Press release

    NZ Farming Systems Uruguay (NZS) advises that it has today received the attached takeover notice from Olam International Limited (Olam). Olam currently controls 78% of the voting securities of NZS and is offering to acquire the 22% of securities it
    does not control at 70 cents per share.

    Under the Takeovers Code, Olam is expected to send to shareholders the offer in the next two weeks, and NZS will then issue a target company statement. The target company statement will include an independent appraisal report on the merits of the offer, or a summary of that report.

    The independent directors recommend that shareholders await receipt of the target company statement before making any decision regarding the offer.

    For further information:
    Graham Wong
    021 447 940

    Attachments:

    april262011-takeover_notice

    april262011-executed_takeover_notice

     

     

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