Abano Healthcare Group has today sent a letter to its shareholders in regards
to the notice of intention to make an unsolicited partial takeover offer from
Healthcare Partners Holdings Limited.
This is a company associated with Peter and Anya Hutson and James Reeves, who
have all been involved in previous attempts to gain control of Abano and to
force changes to Abano''s Board. These prior attempts were unsuccessful and
disruptive to Abano, and have cost Abano and its shareholders in excess of $1
million, not including management time.
The Abano Board is advising shareholders to take no action in respect of the
offer and wait for the Abano Target Company Statement, which will include the
Abano Board''s recommendation in respect of the offer and the Independent
Adviser''s Report.
The Abano Board also notes that, despite a formal request to Healthcare
Partners, they have refused to allow Abano to declare its normal interim
dividend and Dividend Reinvestment Plan in December 2016, which would have
been paid in January 2017.
There is no benefit to shareholders in accepting early. The Abano Board
recommends shareholders wait until they receive the Abano Target Company
Statement before deciding whether to accept or reject the offer.
A full copy of the Shareholder Letter is attached to this announcement.
ENDS
End CA:00292836 For:ABA Type:TAKEOVER Time:2016-11-17 11:00:23