Implementation of Scheme of Arrangement

30 November 2022

MEDIA | NZX RELEASE
TOURISM HOLDINGS LIMITED (thl)

IMPLEMENTATION OF SCHEME OF ARRANGEMENT

thl is pleased to announce the completion of the merger between thl and Apollo Tourism & Leisure Ltd (ATL) with the scheme of arrangement (Scheme) having been implemented today. Accordingly, thl and its controlled entities now hold all the issued shares in ATL. The divestment of assets to Jucy, being a condition subsequent to the Scheme, has also completed today.

In accordance with the Scheme, each ATL shareholder (other than thl and its controlled entities and foreign scheme shareholders) has been issued one thl share for every 3.210987 ATL shares held by them as at 23 November 2022 (being the record date for the Scheme) (thl Consideration Shares).

It is expected that thl Consideration Shares will commence trading on ASX on 2 December 2022 on a normal settlement basis (under the name Tourism Holdings Rentals Limited and ASX ticker code “THL”). thl Consideration Shares will also be able to be traded on the NZX.

With effect from implementation of the Scheme, Sophie Mitchell, Robert Baker, Luke Trouchet and Grant Webster have been appointed to the Board of thl.

A capital change notice in respect of the issue of the thl Consideration Shares is provided with this announcement.

ENDS

Authorised by:

Cathy Quinn
Chair, Tourism Holdings Limited

For further information contact:

Grant Webster
thl Chief Executive Officer
Direct Dial: +64 9 336 4255
Mobile: +64 21 449 210

About thl (www.thlonline.com)

thl is a global tourism operator listed on the NZX (code: THL) and is the largest commercial RV rental operator in the world. In November 2022, thl merged with Apollo Tourism & Leisure, creating a multi-national, vertically integrated RV manufacturing, rental, and retail business spanning motorhomes, campervans and caravans. thl also operates tourism adventure, travel technology, and commercial vehicle manufacturing businesses.

In New Zealand/Australia, thl operates rental brands (Maui, Britz, Apollo, Mighty, Hippie, Cheapa Campa), manufacturing (Action Manufacturing), retail brands (Talvor, Kea, Winnebago, Adria, Coromal, Windsor), retail dealerships (RV Super Centre, Kratzmann, George Day, Sydney RV, E-Camperco), travel technology (TripTech) and tourism attractions (Kiwi Experience and the Discover Waitomo Group, which includes Waitomo Glowworm Caves, Ruakuri Cave, Aranui Cave and The Legendary Black Water Rafting Co.). In North America, thl operates the Road Bear RV, El Monte RV, CanaDream, Apollo, Britz and Mighty rental brands. In UK and Europe, thl operates the Just Go and Bunk Campers rental brands.

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Announcement PDF