JET 0.00% 43.0¢ jetset travelworld ltd

taker over offer for 60% @25c, page-2

  1. 7,397 Posts.
    Here you go but can not find any details on Sintack maybe not a listed company??


    HOMEX - Perth

    Sintack Pty Ltd (Sintack) announced today that it proposes to make a
    proportional off-market takeover offer for 60% of all the issued
    fully paid ordinary shares in Jetset Travelworld Limited (ACN 091 214
    998) (Jetset) in existence as at 8.00pm (Perth time) on 6 December
    2002, at a price of $0.25 per share.

    It is the present intention of Sintack for Jetset to remain as a
    listed company on the ASX. Currently, Sintack has a relevant
    interest in relation to 19.99% of the issued fully paid ordinary
    shares in Jetset.

    Although the offer will not be subject to a minimum acceptance
    condition, it will be subject to a number of conditions which will be
    detailed in the offer documents, including:

    * Jetset's share price not falling by more than 50% from the closing
    price of 5 December 2002;

    * necessary regulatory approvals (if any) being obtained;

    * no material adverse change occurring, or being discovered or
    announced, since 30 November 2002 in the business, assets,
    liabilities, profitability or prospects of Jetset; and

    * certain prescribed occurrences of the kind referred to in section
    652C(1) and (2) of the Corporations Act 2001 not occurring.

    I Alysandratos

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Currently unlisted public company.

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