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Shareholder update

15/6/2020, 5:11 pm�GENERAL

NZX RELEASE
15 June 2020
Shareholder update 

Asset Plus (NZX:APL) refers its shareholders to the announcement made earlier this morning by its major shareholder, Augusta Capital Limited (NZX:AUG) regarding the receipt of a takeover notice from ASX-listed Centuria Capital Group (Centuria).

A copy of the announcement can be viewed here: https://www.nzx.com/announcements/354662

The takeover notice contemplates Centuria making a full takeover offer for Augusta to acquire shares that will take its holding to 100% of Augusta.

Augusta Capital currently holds 18.85% of APL’s shares. Further, Asset Plus’ assets are managed by Augusta Funds Management Limited, a wholly-owned subsidiary of Augusta Capital, under a management agreement.

Asset Plus Chairman, Bruce Cotterill said:

�We will continue to monitor this development regarding Augusta Capital and will update our shareholders if any new material information comes to our attention, but at this stage we are confident that Asset Plus will be able to continue with its existing value add strategy.�

Investors are encouraged to consult their own advisers before making decisions on their investment, having regard to their own individual circumstances.

-ENDS-

For further information, contact:

Bruce Cotterill
Chairman, Asset Plus Limited
021 668 881