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Independent Adviser(s): Simmons Corporate Finance (Rule 18)
Company Meeting Date: 14/11/2013
Summary of transaction:
On 14 November 2013, Southern Travel Holdings Limited ("Southern Travel") held its Annual Meeting of Shareholders. At the meeting, shareholders approved proposed acquisitions by Southern Travel of up to 1,686,937 of the company's shares ("Share Buyback Offer"). Shareholders also approved any increase in the percentage of voting securities held or controlled by Rodney Walshe Limited, Kiyomi Gunji and Kazue Gunji as a result of the Share Buyback Offer.
The consideration offered under the Share Buyback Offer was $0.14 in cash per Southern Travel share.
Southern Travel proposed to cancel all the shares it acquired, under the Share Buyback Offer, immediately on acquisition.
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