Foster's Group Limited (Foster's) today announced that Macquarie Equity Capital Markets Limited (Macquarie), in its capacity as the Global Co-ordinator to the initial public offering of Australian Leisure & Hospitality Group Limited (ALH), has released it from all escrow conditions associated with its ten per cent holding in ALH with immediate effect.
Following the listing of ALH on the Australian Stock Exchange on 7 November 2003, Foster's purchased 35.25 million shares in ALH as part of market stabilisation activities.
As outlined in section 10.2 of the ALH Prospectus, these shares were to be held in escrow for a period of one year and 33 business days from 19 September 2003 or the Prospectus Date.
In the absence of this early release, the escrow period would have expired on 5 November 2004.
The board of Foster's is continuing to review its position with respect to its shareholding in ALH and will act in the best interests of Foster's shareholders.
Media
Lisa Keenan
Tel: +613 9633 2265
Mob: 0409 150 771
Investors
Robert Porter
Tel: +61 3 9633 2560
Mob: 0407 391 829
