Companies Announcement Office Australian Securities Exchange
Level 4, 20 Bridge Street
Sydney NSW 2000
Letter to Shareholders to reject the inadequate Takeover
Please refer to the attached letter sent to shareholders
today providing information regarding the unsolicited
takeover offer of CCP BidCo Pty Limited.
General Counsel and Company Secretary
2 August 2012
REJECT THE INADEQUATE TAKEOVER OFFER
On 12 July 2012 your Company, ClearView Wealth Limited
(ClearView), announced that it had received an unsolicited
takeover offer from CCP BidCo Pty Limited (CCP BidCo) for all
of the shares in ClearView.
You will shortly be receiving a Bidder's Statement from CCP
BidCo in relation to its conditional takeover offer.
The ClearView Board1 continues to advise
shareholders to REJECT the Offer for your ClearView shares.
To REJECT CCP BidCo's Offer, simply do not respond to it and
Your Board and management team are currently preparing a
Target's Statement that will be sent to you on or about 20
August 2012. The Target's Statement will provide
detailed reasons for the Board's recommendation,
including reasons why the offer materially undervalues
We are committed to ensuring that all shareholders fully
benefit from ClearView's underlying value and growth
As matters progress we will keep you informed and you will
have plenty of time to consider any significant
In the meantime, you should not respond to any contact from
CCP BidCo and if you have questions please do not hesitate to
call ClearView's shareholder information line on 1300 885 039
(or +61 2
8022 7902 if calling from outside Australia) or visit
www.clearview.com.au. Yours sincerely,
1 References to the Board in this announcement exclude
Mr John Murphy, who has absented himself from deliberations
and provides no recommendation as he is a director of
entities associated with CCP BidCo.