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AHG – APE: Notice of change of interests under acceptance facility

04/29/2019 | 07:18pm EST

30 April 2019

The Manager

Market Announcements Office

ASX Limited

Dear Sir/Madam

Takeover bid by A.P. Eagers Limited for Automotive Holdings Group Limited

Notice of change of interests under institutional acceptance facility

I refer to the institutional acceptance facility (Acceptance Facility) established by A.P. Eagers Limited (AP Eagers) in respect of its off-market takeover bid for all the ordinary shares in Automotive Holdings Group Limited (AHG Shares) that are not already owned by it (Offer), the terms of which are set out in section 3.4 of AP Eagers' bidder's statement dated 5 April 2019 (as supplemented from time to time) (Bidder's Statement).

Since AP Eagers' previous notice of change of interests under institutional acceptance facility dated 26 April 2019, the aggregate number of AHG Shares in respect of which:

acceptance instructions (in the form of acceptance forms and/or directions to custodians to accept the Offer) are held subject to the Acceptance Facility as at 7.00pm on 29 April 2019 (Acceptance Instructions); and

AP Eagers has a relevant interest,

as a percentage of the total number of AHG Shares on issue, has changed from 37.9889% (as reported on 26 April 2019) to 42.6174%.

The following table identifies separately and in aggregate the change in those two categories:

Number of AHG Shares

Percentage of AHG Shares

Previous notice*

Current notice

Previous notice*

Current notice

Acceptance Instructions

30,347,451

45,681,565

9.1512%

13.7751%

Relevant interest

95,632,358

95,647,675

28.8377%

28.8423%

Total

125,979,809

141,329,240

37.9889%

42.6174%

*As reported on 26 April 2019

AHG Shares which are the subject of the Acceptance Facility do not, at this stage, constitute formal acceptances of the Offer and may be withdrawn at any time prior to the preconditions being met. Those preconditions require the operator of the Acceptance Facility to receive written notice from AP Eagers

A.P. EAGERS LIMITED

ABN 87 009 680 013

Registered Office

5 Edmund Street, Newstead, QLD, 4006 P.O. Box 199, Fortitude Valley, QLD, 4006 T (07) 3608 7100 F (07) 3608 7111

Ecorporate@apeagers.com.au

(Confirmation Notice) that it has declared the Offer free of all Bid Conditions (as defined in the Bidder's Statement) or will declare the Offer free of all Bid Conditions no later than the time that all Acceptance Instructions are processed. Accordingly, AHG Shares in which AP Eagers has a relevant interest (as set out in the table above) do not include the AHG Shares which are the subject the Acceptance Facility. As soon as possible after (and not before) AP Eagers provides the Confirmation Notice to the facility operator, the facility operator must release the Acceptance Instructions. AP Eagers will obtain a relevant interest in the AHG Shares which are the subject of those Acceptance Instructions once they are released.

Further details regarding the Acceptance Facility, including all relevant terms and the arrangements AP Eagers has entered into to enable the operation of the facility, can be found in section 3.4 of the Bidder's Statement.

Yours sincerely

Denis Stark

Company Secretary

Disclaimer

A.P. Eagers Limited published this content on 30 April 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 29 April 2019 23:17:15 UTC


© Publicnow 2019
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