Jul 2025 Financial News

Agostini Limited - Notice of Extension of Closing of Takeover Bid and Offer

Jul 21, 2025

Notice to the Shareholders of Prestige Holdings Limited
NOTICE OF EXTENSION OF CLOSING DATE
Issued by AGOSTINI LIMITED in respect of the Offer and Take-Over Bid Circular dated 17th June 2025

Pursuant to the Securities Industry (Take Over) By-Laws 2005, issued by the Trinidad and Tobago Securities and Exchange Commission ("TTSEC").

To: Holders of issued and outstanding common shares of PRESTIGE HOLDINGS LIMITED
This Notice of Extension of Closing Date (this ‘Notice’) is supplemental to, and should be read in conjunction with, the Take-Over Bid Circular dated the 17th day of June 2025 (the ‘Circular’) and Errata dated 3rd July, 2025 (collectively the ‘Circular’) issued by Agostini Limited (the ‘Offeror’), pursuant to which the Offeror offered to acquire up to 62,513,002 common shares (the ‘PHL Shares’) in Prestige Holdings Limited (the ‘Company’) at the Offer Price of 1.0 Offeror Shares per 4.8 Company Shares (the ‘Offer’) subject to the terms and conditions contained in the Circular. Unless the context requires otherwise, terms not defined herein have the meanings set forth in the Circular.

Except as otherwise set forth in this Notice, there have been no changes to the terms and conditions of the Offer and, as such, those terms and conditions previously set forth in the Circular continue to be applicable in all respects. This Notice will be issued in Trinidad and Tobago and a copy delivered to the Board of Directors of the Company and filed with the Trinidad and Tobago Securities and Exchange Commission (‘TTSEC’). The TTSEC takes no responsibility for the veracity or validity of the contents of this Notice, and, in accordance with established practice, have neither approved nor disapproved of the Offer (as amended herein).

EXTENSION OF THE CLOSING DATE
The Offeror has elected to extend the Closing Date to the 5th day of August 2025.
The Offer will therefore remain open for acceptance until, but not later than, the 5th day of August 2025 at 4:00PM (the ‘Extended Closing Date’).

TIME OF PAYMENT
The Offeror will, upon the terms and subject to the conditions of the Offer, take up and pay for all Company Shares deposited and not withdrawn under the Offer within the period required by applicable securities law and, in any event, except as otherwise required by applicable law, not later than ten (10) days after the Extended Closing Date, if all the terms and conditions of the Offer have been complied with or waived.

RIGHT TO WITHDRAW
The conditions of the Offer including the Offeror’s rights of withdrawal set out in the Circular remain the same.

JURISDICTION
The distribution of the Circular and the making of the Offer into any jurisdiction other than the Republic of Trinidad and Tobago may be restricted by the applicable law of such jurisdiction and therefore persons into whose possession this Circular and/or any accompanying documents come should inform themselves about and observe such restrictions under such applicable law. Any failure to comply with such restrictions may constitute a violation of the laws including the securities laws of such jurisdiction.

DIRECTORS' APPROVAL
The contents of this Notice have been approved, and the publication of this Notice has been authorized by, the directors of the Offeror.

CERTIFICATE
The Take Over Bid Circular and this Notice of Variation contain no untrue statement of a material fact and do not omit to state a material fact that is required to be stated or that is necessary to make a statement not misleading in light of the circumstances in which it was made.

 

Source:
The Trinidad and Tobago Stock Exchange Limited
Monday 21st July 2025