Sunday, 18 February 2018

Announcement

MEETING: FLI: Fliway Shareholders vote in favour of Scheme Arrangement

08 Dec 2017 15:35NZX
NZX Release
8 December 2017
Fliway shareholders vote in favour of Scheme Arrangment
Fliway Group Limited (NZX:FLI, "Fliway") shareholders today voted in favour
of the proposal from Yang Kee Group (New Zealand) Pty Limited ("Yang Kee") to
acquire all the shares in Fliway via a Scheme of Arrangement.

Voting results
FOR AGAINST      ABSTAIN
Votes 31,088,850 252,680      147,650
% of votes cast 99.14% 0.86 n.a.
% of total number of shares on issue 68.42% 0.56% 0.32%

Timetable
Following shareholder approval, Fliway will apply to the New Zealand High
Court for approval of the Scheme. A hearing on 19 December 2017 has been
scheduled.

The below timetable shows the timing of the Scheme process from here.

Table1: Indicative scheme timetable
Event Timing
Final Court Hearing 19 December
Last day of trading in Fliway shares 21 December 2017
Scheme Record Date 5:00pm 27 December 2017
Implementation & Payment Date 4 January 2018
End Date - Final date the Scheme can be implemented 31 May 2018
These dates are subject to change. Fliway will advise shareholders if these
dates are to change substantially.

Ends

About Fliway
Fliway is one of New Zealand''s largest independent and locally owned
specialised transport and logistics companies with a nationwide presence and
strong global freight forwarding relationships. Domestically, Fliway delivers
approx. 1.6 million pieces of freight per annum and processes, on average,
49,000 units of freight per day across 36,000 metres of warehousing
facilities. Fliway also handles approximately 8,800 international shipments
and 108,000 customs clearance per annum. Fliway services over 1,000 customers
across specialised domestic transport, warehousing and international freight
forwarding.  These services are provided by approximately 400 team members, a
fleet of over 150 vehicles and a footprint of 12 branches and 5 warehouses
across the country.

About Yang Kee
Yang Kee is one of Singapore''s largest privately owned logistics companies.
Over the past 10 years, Yang Kee has developed from a small, two-truck firm,
into an industry leader, complementing its operations with warehousing and
freight. In 2017, the Yang Kee Group is expected to generate revenues in
excess of S$200m with approximately S$300m in net assets. It employs more
than 600 people in 32 offices across 12 countries. Yang Kee provides services
and solutions in warehousing, transportation, freight forwarding, customs
clearance and project logistics management. Specialty services include the
handling of hazardous cargo, specialty chemicals, lubricants and general
industrial products.
End CA:00311658 For:FLI    Type:MEETING    Time:2017-12-08 15:35:56
Views: 155
Fliway Group Limited
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