Sydney funds manager Centuria Group’s latest disclosure on its takeover of NZX-listed Augusta Capital Ltd, yesterday, shows a small increase in acceptances to 64.8%, including 23.3% it already holds.
Centuria increased the cash component of its offer by A2c to A22c to make the total offer worth about $1.02. The other component is 0.392 of a Centuria stapled security/Augusta share, which hasn’t changed.
Augusta’s share price jumped from 68.5c on Friday 12 June to 90c the following Monday and hit 94.5c yesterday.
Closing date for the offer is Monday 10 August.
1 July 2020: Centuria sends out Augusta takeover notice
Attribution: Augusta, Centuria.