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Frequently asked questions

The offeror, CDL Hotels Holdings New Zealand Limited ("CDLHH NZ"), is a limited liability company registered in New Zealand with company number 538977.  

CDLHH NZ is an indirect wholly-owned subsidiary of City Developments Limited (incorporated in Singapore and listed on the Singapore Exchange).

CDLHH NZ will become the holder of an increased percentage of voting securities in Millennium & Copthorne Hotels New Zealand Limited (“MCK”) as a result of the acquisition of Shares under this Offer. City Developments Limited and each of its subsidiaries which are holding companies of CDLHH NZ may be considered to become a controller of an increased percentage of voting securities in MCK as a result of the acquisition of Shares under the Offer. 

The Offer closes at 5:00pm on 8 May 2025 (unless extended in accordance with the Takeovers Code) ("Closing Date").

If you wish to ACCEPT the Offer, you must ensure that your acceptance is received by CDLHH NZ before 5:00pm on the Closing Date.

To ACCEPT the Offer, you should either:

  • accept the Offer online prior to 5:00pm on the Closing Date of 8 May 2025; or
  • complete and sign the Acceptance Form enclosed with the Offer Document in accordance with the instructions set out on that form and return that form prior to 5:00pm on the Closing Date of 8 May 2025.

If you have sold all of your Shares, please send the Offer Document and all enclosures (including the Acceptance Form) immediately to the relevant purchaser or agent (eg broker) through whom the sale was made, to be passed to the purchaser.

If you have sold some of your Shares and wish to ACCEPT the Offer in respect of all or some of the Shares you have retained, please:

  • if you wish to accept online, alter the holding displayed on the acceptance screen (if not updated) to the number of Shares which you have retained and wish to accept the Offer for; or
  • if you wish to accept using the Acceptance Form, alter the total holding printed on the Acceptance Form to the number of Shares which you have retained and wish to accept the Offer for, initial the change and return such amended Acceptance Form in any way as instructed in the Offer Document and the Acceptance Form.  

Upon receipt of your amended online acceptance or Acceptance Form, CDLHH NZ will re-calculate the consideration to which you are entitled to reflect the number of Shares for which you have accepted the Offer.  

Please also advise the purchaser(s) of your Shares or request the broker through whom you made the sale to advise the purchaser(s) of your Shares, of the Offer and that copies of the Offer Document are available from MUFG Corporate Markets.

If you have lost your online Validation Number or the Acceptance Form, please contact the share registrar for the Offer, MUFG Corporate Markets, at +64 9 375 5998 or email applications.nz@mpms.mufg.com.

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