HGH - Heartland Group Holdings

[King1212]

Just an offer to help sell small holdings <10,000 shares without paying brokerage etc

To counter some ratbag who is trying to 'steal' these shares off unsuspecting shareholders

You wouldn't have sold yours anyway




Nothing more / nothing less

Some would say Heartland again just doing the decent thing

Cherrs Winner69. Has small holding but it is for my son higher education fund. so will keep it long term. Thanks

[Jantar]

let me think on this unsolicited offer. $1.40 paid over 10 years, that's $0.14 per year. For which I lose $0.08 per year in missed dividends, and no longer own the shares.

Do I want to sell my HBL shares for $0.80 and take 10 years to receive that money?
Ummmmmm. Give me 10 years to think about it.

[winner69]

Cherrs Winner69. Has small holding but it is for my son higher education fund. so will keep it long term. Thanks

Should have said nobody is compelled to do anything

Apparently quite a few get in a tiz when they receive letters like the one from Acasta and feel compelled to sign it and return it instead of throwing it away.

[iceman]

Beware:

HBL
09/06/2016 08:30
GENERAL
NOT PRICE SENSITIVE
REL: 0830 HRS Heartland Bank Limited

GENERAL: HBL: Warning on Unsolicited Offers from Acasta Limited

NZX Release

Warning on Unsolicited Offers from Acasta Limited

9 June 2016

Heartland Bank Limited (Heartland) (NZX: HBL) has received a notice from
Acasta Limited (Acasta) that it intends to make unsolicited offers to
purchase Heartland shares from certain Heartland shareholders.

If you were to accept that offer, you would be swapping your Heartland shares
for an unsecured debt from Acasta which would be payable over 10 years from
30 June 2017. No information has been provided to us about Acasta's ability
to fund such a debt obligation and you would be running the risk that Acasta
may default in payment during the 10 year period.

The offer by Acasta is at a price ($1.40 per share) which on its face is
above the current market price of Heartland's shares (which was $1.28 at the
close of trading on 8 June 2016). However, in the detailed terms and
conditions of the offer, the total amount of the offer is proposed to be paid
in 10 instalments over 10 years from 30 June 2017, which has the effect of
making the offer only worth approximately $1.07 per share.

Shareholders who accept the offer from Acasta will not be entitled to any
dividends during the 10 year period - they will be foregone to Acasta. By
way of example, if the offer was made this time last year and you accepted
that offer, you would not have received Heartland's last two fully imputed
dividends totalling 8c per share. For further information on what this means
for you, we recommend you consult your financial adviser.

The sole director and ultimate shareholder of Acasta is John Armour who has
been involved in similar unsolicited offers to shareholders of Heartland and
other NZX-listed issuers.
Should any shareholder receive an unsolicited offer, Heartland strongly
recommends seeking independent financial advice and checking the current
market price for Heartland shares at www.nzx.com/companies/Heartland.

In view of the limited tools available to regulators to protect shareholders
from these unsolicited offers, Heartland has also established a Share Sale
Plan (Plan) offering shareholders who hold not more than 10,000 Heartland
shares (Eligible Shareholders) the opportunity to sell their shares at the
then current market price. If an Eligible Shareholder chooses to participate
in the Plan, Heartland will facilitate the on-market sale of their Heartland
shares through a broker and will pay the brokerage fees associated with the
trade. A copy of the Share Sale Plan Document will be mailed to Eligible
Shareholders, and will be available on Heartland's website
http://shareholders.heartland.co.nz/.

Should you receive an unsolicited offer from Acasta and are contemplating the
sale of your Heartland shares, Heartland strongly recommends that you
consider taking advantage of the Plan if you are an Eligible Shareholder.
Participation in the Plan will ensure you receive a market price on the day
of sale for your Heartland shares. As noted above, the value of the offer by
Acasta is substantially below the current market price, so it is almost
certain that you would receive more money selling your Heartland shares under
the Plan.

Heartland is also sending the attached letter to shareholders today.

If you would like confirmation as to whether any other correspondence
received is an official Heartland communication, or whether an offer to buy
your shares has the support of your Board, you can contact Heartland's
company secretary by email (Anna-Lisa.Strain@heartland.co.nz) or by phone (09
927 9151).

- Ends -

[beetills]

Anybody able to enlighten me on who JOHN ARMOUR is aside from being sole director of Acasta Ltd

[percy]

Anybody able to enlighten me on who JOHN ARMOUR is aside from being sole director of Acasta Ltd

He is an Australian Low-ball share offer "specialist".

[trader_jackson]

I think Heartland are "well positioned" , and the price offered (and the terms!) do not even remotely take into account HBL's potential

[Snow Leopard]

Embedded in my copy of the article of the Sky/Vodafone marriage in the Herald this morning was an advert for Heartland Bank (usually it is some airline or other):



which I clicked on, and then I choked on my morning bowl of milk and tuna as I realised that they may be more than one Heartland Bank in the world!

Heartland Bank: "Where Banking Feels Good"


Best Wishes
Paper Tiger

[Leftfield]

Embedded in my copy of the article of the Sky/Vodafone marriage in the Herald this morning was an advert for Heartland Bank (usually it is some airline or other):



which I clicked on, and then I choked on my morning bowl of milk and tuna as I realised that they may be more than one Heartland Bank in the world!

Heartland Bank: "Where Banking Feels Good"


Best Wishes
Paper Tiger

If I had milk and tuna for breakfast, I would be choking too.

[King1212]

If I had milk and tuna for breakfast, I would be choking too.

hahahaha....hilarious....