Independent Adviser(s): KPMG (Rule 18)

Company Meeting Date: 19/11/2015

Transaction summary

Veritas Investments Limited (“Veritas”) sought to undertake a non-pro rata buyback of 1,000,000 Veritas shares for $1.00 consideration. The buyback was due to certain purchase price adjustments resulting from an acquisition of a company by Veritas.

The proposed buyback could have potentially resulted in Michael Morton and his associates increasing their collective holding in Veritas to 35.53%, triggering rule 6 of the Code. Accordingly, Veritas sought approval under the buyback class exemption contained in clause 4 of the Takeovers Code (Class Exemptions) Notice (No 2) 2001.

At Veritas’ special meeting of shareholders, held on 19 November 2015, Veritas’ shareholders approved the resolution in respect of the share buyback.

Key Documents

Notice of Meeting: