Friday, 29 March 2024

Announcement

GENERAL: CAV: Wool scouring merger - Appeal to Court of Appeal dismissed

30 Nov 2016 12:41NZX
Cavalier Corporation advises that the Court of Appeal has dismissed Godfrey
Hirst''s appeal against earlier decisions by the Commerce Commission and the
High Court to allow the merger of the wool scouring operations of New Zealand
Wool Services International and Cavalier''s 50%-owned Cavalier Wool Holdings
(CWH).

Cavalier welcomes this decision, which further supports the proposal to
consolidate scouring and capture the efficiencies necessary to keep wool
processing in New Zealand longer term, while noting that this decision could
still be appealed.

The Directors will keep shareholders apprised of developments.

Paul Alston
Chief Executive Officer
For and on behalf of the Board of Directors

30 November 2016

For more information regarding this announcement, please contact Paul Alston
on 021 918 033.
End CA:00293572 For:CAV    Type:GENERAL    Time:2016-11-30 12:41:22
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