27 June 2017
Update on Downer takeover offerSpotless Group Holdings Limited (Spotless) (ASX: SPO) acknowledges the announcement today by Downer EDI Limited (Downer) (ASX: DOW) indicating it now holds a relevant interest in 50.3% in the issued capital of Spotless.
The Spotless Board notes that Downer's Bidder's Statement outlines Downer's intentions to seek representation on the Spotless Board commensurate with its controlling interest in the company.
The Spotless Board will engage with Downer in relation to the composition of the Board following the change in control.
Spotless Chairman Garry Hounsell said: "The Board continues to believe that the Downer Offer does not represent adequate value, but will engage with Downer in the best interests of the company and all shareholders."
The Spotless Board will keep shareholders updated in relation to material developments on the Downer Offer. Downer's Offer has now been extended by a further two weeks and may be extended further. Spotless management and employees remain focussed on delivery of our services to our customers on a business as usual basis.
The Spotless Shareholder Information line is available to answer any questions on 1300 963 991 (for calls made from within Australia) or +61 1300 963 991 (for calls made from outside Australia) Monday to Friday between 8.30am and 5.30pm (AEST).
Enquiries Investor and analyst contact: | Media contact: | |
Geoff Bryant | GRACosway | |
General Manager, Investor Relations | John Frey | Rhianna Fursdon |
T +61 2 9816 9281 | Founding Partner | Associate Director |
M +61 419 684 900 | M +61 411 361 361 | M +61 477 029 337 |
Spotless Group Holdings Limited ABN 27 154 229 562
549 St Kilda Rd, Melbourne VIC 3004 Australia www.spotless.com 1 of 1Spotless Group Holdings Limited published this content on 27 June 2017 and is solely responsible for the information contained herein.
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