THL.ASX: thl receives revised non-binding indicative offer

thl receives revised non-binding indicative offer

Stock	Tourism Holdings Rentals Ltd (THL.ASX)
Release Time	29 May 2026, 7:30 a.m.
Price Sensitive	Yes

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THL Receives Revised Non-Binding Offer from Consortium

Key Points

THL received a revised non-binding offer from a consortium
Offer is NZ$3.10 per share, all-cash
Offer is conditional on due diligence, debt arrangements, and board recommendation
Consortium currently holds 19.9% of THL shares
Offer expires on 12 June 2026

Full Summary

Tourism Holdings Limited (THL) has announced that it received a revised unsolicited, conditional, non-binding indication of interest from a consortium representing BGH Capital and the Trouchet family. The offer is for an indicative all-cash price of NZ$3.10 per share, subject to various conditions including due diligence, finalization of debt arrangements, and approval from BGH's Investment Review Committee. The offer is also conditional on THL's Board recommending shareholders accept the proposal and an independent adviser's valuation. The Consortium currently holds approximately 19.9% of THL shares. The Revised NBIO is set to expire on 12 June 2026 if THL does not respond by then. There is no certainty that the Revised NBIO will result in a transaction.

Guidance

None

Outlook

None