Independent Adviser(s): Campbell MacPherson (Rule 18)

Company Meeting Date: 05/10/2012

Exemption: Claridge Capital Limited - Exemption Notice 2012

Transaction summary:

On 5 October 2012, Claridge Capital Limited (“Claridge Capital”) held its 2012 annual meeting of shareholders.

At the meeting, Claridge Capital sought shareholder approval for Claridge Capital to acquire the business of SeaDragon Marine Oils Limited (“SDMO”). Shareholder approval was also sought for various allotments of ordinary shares to SDMO and Octa Phillip Asset Management.

The Panel granted the exemption contained in the Takeovers Code (Claridge Capital Limited) Exemption Notice 2012 (see link above) in respect of the Takeovers Code disclosure requirements in the notice of meeting. 

At the meeting, shareholders approved the acquisition and the various allotments.

On 19 October 2012, Claridge Capital changed its name to SeaDragon Limited.

We have not received consent to publish other documents in relation to this transaction on our website. However, copies of these documents are available upon request to the Panel under the Official Information Act 1982. Please send your written Official Information requests to takeovers.panel@takeovers.govt.nz