Regulatory Update
MKTUPDTE
Thu, Jul 06 2023 05:00 pm
General Capital (GEN:NZ) Regulatory Update
General Capital Limited (“General”) advises that on 14 and 15 June 2023 Borneo Capital Limited (“Borneo”), a substantial shareholder in General, purchased a total of 237,181 additional shares in General taking their holding from 34.94% to 34.99%.
General has subsequently confirmed that the purchase of the shares is a potential breach of the Takeover Code and has advised both Borneo and the Takeover Panel.
General understands that Borneo will be divesting itself of the 237,181 shares mistakenly purchased, representing 0.05% of the shares on issue, and has instructed its broker accordingly.
For further information contact:
Brent King
Managing Director
General Capital Limited
+64 21 632 660
[email protected]
6 July 2023
Announcement PDF
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