“Capital Properties' independent directors sent a letter to shareholders last week stating that they believe it is likely AMP Property Portfolio will reach the 90 per cent threshold under the current offer and recommended that shareholders who expect AMP Property Portfolio to reach the 90 per cent threshold and move to compulsory acquisition should consider accepting the offer now.”
“Recent statements by some commentators may have led remaining shareholders to expect an imminent higher offer if AMP Property Portfolio does not reach the 90% threshold. This is a false expectation and reliance on it could have negative financial consequences for those shareholders.”
