Floorscape offer not progressed

NZX Statement 7 September 2026

Floorscape offer not progressed
Bremworth Limited ("Bremworth") (NZX Code: BRW) announced on 3 September 2026 that
Floorscape Limited ("Floorscape") had presented a revised offer at a fixed price of $0.95 per share
for all of the shares in Bremworth.
Following announcement, the Board sub-committee engaged with major shareholders to gauge the
level of support for the revised Floorscape offer. Those discussions indicated that there would not be
sufficient support for the revised offer to warrant progressing it further, notwithstanding that the offer
was superior to the partial offer from Mangawhai Collective Limited ("Mangawhai") at $0.90 per
share.
Bremworth has therefore determined not to progress discussions with Floorscape, and the scheme
implementation agreement with Floorscape has been terminated.
Bremworth will issue a Target Company Statement in respect of the Mangawhai partial offer which will
include the Directors’ recommendation and the Independent Adviser's Report by no later than 18
September 2026.
The Board strongly recommends that shareholders TAKE NO ACTION until they have received and
considered the Target Company Statement. Bremworth advises shareholders to seek professional
advice if they intend to take any action with respect to their Bremworth shares prior to receiving those
documents.


ENDS

For media enquiries, please contact:

Jackie Ellis
Ellis and Co (for Bremworth Ltd)
M: +64 27 246 2505

Trevor Burt
Bremworth Ltd
trevor@breakawayinvestments.co.nz