Compulsory acquisition process drawing to a close
December 5 2012
Fisher & Paykel Appliances compulsory acquisition process drawing to a close
Haier New Zealand Investment Holding Company Ltd's (Haier) compulsory acquisition of Fisher & Paykel Appliances is drawing to a close with tomorrow being the last day for shareholders to sign and return Transfer Forms.
Shareholders who have signed and returned their Transfer Forms by December 6, 2012 will receive payment of NZ$1.28 per Fisher & Paykel Appliances share within seven days of the receipt of their Transfer Form.
For shareholders who have not signed and returned the Transfer Form by December 6, 2012, payment for their shares will be made to Fisher & Paykel Appliances. Fisher & Paykel Appliances will hold the payment on trust in an interest bearing bank account until it has been claimed by the shareholder concerned. These Fisher & Paykel Appliances shares will be transferred to Haier in accordance with the provisions of the Takeovers Code.
“While we have received the paperwork from the majority of shareholders, we encourage those who have yet to provide their completed Transfer Forms to do so before December 6, 2012,” said Liang Haishan, Chairman of Haier New Zealand Investment Holding Company Ltd, and President of Haier White Goods Group.