Tindall consortium responds to market developments

From the office of
Stephen Tindall

27 September 2006

Stephen Tindall consortium responds to market developments

The founder of The Warehouse Stephen Tindall said today that the consortium he formed to privatise the company was assessing its position in light of Woolworths overnight acquisition of shares in The Warehouse.

Mr Tindall said that his clear preference was to privatise The Warehouse as he believed this was the best approach for the company to implement its strategy.

“Obviously The Warehouse is currently a publicly-listed company and other parties have taken an interest,” he said. “We need to understand the motivations and intentions of the new shareholder, and the implications of this for all shareholders and other stakeholders.”

Mr Tindall said that the consortium would analyse market developments, and assess the implications for its proposal.

ENDS

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