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Offeror(s): Asahi Beverages New Zealand Limited
Independent Adviser(s): Grant Samuel & Associates (rule 21)
Offer Date: 21/07/2011
Closing Date: 02/09/2011
Offer Type: Full
On 4 July 2011, Asahi Beverages New Zealand Limited (“Asahi”) gave notice of its intention to make a full takeover offer for all the shares in Charlie’s Group Limited (“Charlie’s”). All major shareholders had signed a lock-in agreement that they would accept the offer.
The takeover offer was despatched on 21 July 2011, with Asahi offering 44 cents for each share in Charlie’s. The closing date for the offer was extended from 19 August 2011 to 2 September 2011.
On 12 August 2011, Asahi became the holder or controller of more than 90% of the voting rights in Charlie’s and declared the offer unconditional.
Asahi commenced the compulsory acquisition process on 19 August 2011, and completed the process on 16 September 2011, holding 100% of the shares in Charlie’s.
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 firstname.lastname@example.org