Intention to acquire cornerstone shareholding in MTF

Posted 13th October 2015

Heartland New Zealand Limited notes that Turners Limited has written to ordinary shareholders of MTF with an unsolicited offer to buy ordinary shares at $1.15 per share. HNZ advises that it has written to the Board of MTF to express its interest in acquiring between 10% and 20% of the shares in MTF at a price of $1.50 per share, subject to completing initial due diligence satisfactory to it.

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