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Trading Halt in TIL Logistics Group Shares

Oct 8 2018




TIL Logistics Group Limited (NZX: TLL) has requested a trading halt on the NZX following notification from Bowker Holdings 99 Limited and Kern Group (Logistics) Pty Limited, that they intend to undertake a sale of up to 12,000,000 ordinary shares in TLL, representing approximately 14.54% of all TLL ordinary shares.

Bowker Holdings and Kern Group have advised TLL that they intend to undertake the sale by way of a bookbuild managed by Woodward Partners. The bookbuild will not be underwritten.

Bowker Holdings and Kern Group have requested that TLL seek a trading halt until they confirm to TLL the extent to which the sale has completed.

Prior to the sale, Bowker Holdings holds approximately 81.37% of the ordinary shares in TLL and Kern Group interests hold approximately 6.76% of the ordinary shares in TLL.

ENDS