Offeror(s): Silverlake HGH Limited

Independent Adviser(s): KordaMentha (Rule 21), Lonergan Edwards & Associates (Rule 22)

Offer Date: 26/02/2015

Closing Date: 30/03/2015

Offer Type: Full

Summary of transaction:

On 18 December 2014, Holliday Group Holdings (ICT Investments) Limited, a company controlled by Mr Holliday (the Managing Director of Finzsoft Solutions Limited (“Finzsoft”)), entered into a lock-up agreement with Silverlake HGH Limited (“Silverlake”) to sell to Silverlake all its shares in Finzsoft, of which it owned 65.916%, if a full takeover offer were made and the consideration was not less than $3.00 per share.  Mr Holliday was also a director and substantial shareholder of Silverlake.

On 26 February 2015, Silverlake made a full takeover offer for all the ordinary shares in Finzsoft.

The Consideration offered per Finzsoft share was $3.00.

The offer was conditional on Silverlake receiving acceptances to the offer which would result in Silverlake holding or controlling at least 65% of the shares in Finzsoft.

The offer was declared unconditional on 2 March 2015.

The offer closed on 30 March 2015 with Silverlake receiving acceptances in respect of 87.892% of the shares in Finzsoft.