Seven Group Holdings' Offer for Boral Shares

Seven Group Holdings Limited (ASX: $SVW) has declared its Offer for Boral Shares unconditional, improved the payment terms, and established an acceptance facility. Boral is Australia's largest and leading integrated construction materials business. Seven Group Holdings is a diversified operating group with market-leading businesses across industrial services, energy, and media.

Executive Commentary

The Offer for Boral Shares has been declared unconditional, and we are pleased to announce improved payment terms under the Offer. The establishment of the acceptance facility will facilitate the receipt of acceptances of the Offer from Boral Shareholders. We encourage Boral Shareholders to review the details provided in the Bidder's Statement and consider participating in the Facility if they wish to accept the Offer. We are committed to ensuring a smooth process for Boral Shareholders and look forward to their response.

Summary of Offer Declaration

Seven Group Holdings Limited (ASX: $SVW) has made significant progress by declaring its Offer for Boral Shares unconditional, improving payment terms, and establishing an acceptance facility. This move aims to streamline the acceptance process for Boral Shareholders and enhance the overall efficiency of the transaction. The improved payment terms offer a more favorable arrangement for shareholders, and the establishment of the acceptance facility provides flexibility and convenience. Seven Group Holdings' proactive steps demonstrate its commitment to the Offer and its dedication to ensuring a seamless experience for Boral Shareholders. This development reflects Seven Group Holdings' strategic approach to corporate transactions and its focus on creating value for its stakeholders.