NZX announcement: Tourism Holdings Limited (thl) has announced a merger with Apollo Tourism & Leisure Limited, and the release of its preliminary interim results for H1 FY22.
thl expects a statutory net loss after tax of approximately NZ$4.4m, inclusive of $2.1m in one-off transaction costs related to the Scheme, and net debt as at 31 December 2021 of approximately NZ$19m.
The Apollo Board has unanimously recommended that Apollo shareholders approve the Scheme, subject to the Independent Expert's Report concluding that the Scheme is fair and reasonable and in the best interests of Apollo shareholders.
thl also announced an indication from Thor Industries that they are open to discussing an early buyout of thl preference shares.
See more
