Please see the attached letter from Woolworths informing David Jones and its shareholders that the offer price under the Scheme of A$4.00 per David Jones share is its best and final offer, subject to no competing proposal emerging.
Ends.
Media Enquiries Shareholder EnquiriesHelen Karlis
General Manager Corporate Affairs, Communications and Investor Relations David Jones Limited
02 9266 5960
0404 045 325 hkarlis@davidjones.com.au
Shareholder Information Line
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David Jones Limited A.C.N. 000 074 573
A.B.N. 75 000 074 573
WHL WOOLWORTHS HOLDINGS LIMITED
The Directors
David Jones Limited
86-108 Castlereagh Street
SYDNEY NSW 2000
Dear Sirs,
I refer to the proposed acquisition by Woolworths Holdings Limited ("WHL") of David
Jones Limited ("David Jones") by way of the scheme of arrangement announced on 9 April
2014 (the Scheme).
WHL wishes to inform David Jones and its shareholders that the offer price under the Scheme of A$4.00 per David Jones share is its best and final offer, subject to no competing proposal emerging. This means that, subject to no competing proposal emerging, WHL will not increase the offer price under the Scheme.
WHL asks that David Jones promptly make an ASX announcement to this effect so that
David Jones shareholders and the market are adequately informed. Yours sincerely,
Chief Executive Officer
Woolworths Holdings Limited Reg. No. 1929/001986/06
Woolworths House 93 Longmarket Street Cape Town 8001 Telephone +27 21 4079111 Fax +27 21 4072151
Directors: SN Susman* (Chairman) I Moir** (Group chief executive officer) (Australian)
PD Bacon* (British) ZBM Bassa* TA Boardman* AT Higginson** MR Isaacs** MJ Leeming* SD Ngumeni** AC Nissen* Sir SA Rose* (British) Z Rylands** NT Siwendu* Group secretary T Sishuba-Mashego
*Non-executive **Executive
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