Update on Strategic Review
104263.2 - 1503379.1
13 November 2023
Update on Strategic Review
In June, the company commenced a strategic review of its ownership structure
with a view to exploring options to maximise value for all shareholders. As part of
this process, the company engaged with a group of potentially interested parties in
relation to transactions involving an offer to all shareholders for their shares in
Scott.
Those discussions will not progress further at this time, as no offers were received
at price ranges which reflected the independent directors’ view of value for all of
the company. However, a range of other initiatives have been identified during the
process. These are at an early stage and will continue to be worked on by the
company, together with its advisers. There can be no certainty that any transaction
will result from the continuing strategic review and no further comment will be
made by the company in respect of the strategic review at this stage.
The Board remains committed to the Scott 2025 strategy and believes the ongoing
implementation of the strategy will continue to drive value for shareholders.
ENDS
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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