TAKEOVER – COMPULSORY ACQUISITION

 

On 9 April 2018 Arcade Finance Pty Ltd made a takeover offer for all of the shares in Godfreys Group Limited. Following the acceptance by the holders of more than 90% of the Godfreys shares Arcade is proceeding with the compulsory acquisition process set out in the Corporations Act, and will acquire the remaining shares in Godfreys compulsorily.

The letter to shareholders and Form 6021 which was sent to the remaining shareholders is available by clicking the link here

No action is required for those remaining shareholders at this stage. Godfreys will make contact with those shareholders, in order to make payment for their shares within the 14 day period after 28 July 2018, as provided under the Corporations Act.