HNZ 0.76% $1.31 heartland new zealand limited

Ann: ASSET: HNZ: Motor Trade Finances Limited

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    					HNZ
    21/07/2014 11:23
    ASSET
    
    REL: 1123 HRS Heartland New Zealand Limited
    
    ASSET: HNZ: Motor Trade Finances Limited
    
    NZX Release
    
    Motor Trade Finances Limited
    
    21 July 2014
    
    Heartland New Zealand Limited ("HNZ") (NZX: HNZ) notes that Motor Trade
    Finances Limited (MTF) has issued a release as to confidential and
    preliminary approaches made to the Board of MTF regarding the possibility of
    HNZ acquiring MTF.
    
    HNZ confirms that it could be interested in acquiring the business of MTF if
    the shareholders, franchisees and dealers of MTF were receptive to a
    proposal, and if the existing issues between MTF and the Commerce Commission
    as to loan fees were substantially resolved.
    
    HNZ does not have sufficient information to comment on the value it would
    place on that business, or the timing or structure of any acquisition if a
    proposal was welcomed.
    
    - Ends -
    
    For further information please contact:
    
    Jeff Greenslade
    Managing Director
    Heartland New Zealand Limited
    DDI 09 927 9149
    End CA:00252903 For:HNZ    Type:ASSET      Time:2014-07-21 11:23:09
    				
 
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Currently unlisted public company.

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