7 November 2017
Market Information Company Announcements Office
NZX Limited ASX Limited
Level 1, NZX Centre Exchange Centre
11 Cable Street Level 6, 20 Bridge Street
Wellington Sydney NSW 2000
New Zealand Australia
VERO WITHDRAWS COMMERCE COMMISSION APPEALTower Limited (NZX/ASX: TWR) has been advised by Vero Insurance New Zealand Limited (a wholly owned subsidiary of Suncorp Group Limited) that it will no longer be appealing the Commerce Commission's decision to decline its application to acquire 100% of Tower.
The Tower Board of Directors is continuing to develop plans to raise further capital and will update the market with its full year results on 14 November 2017.
ENDSTOWER
Michael Stiassny Chairman
Tower Limited
ARBN 088 481 234 Incorporated in New Zealand
For media queries, please contact:
Nicholas Meseldzija
Head of Corporate Communications Mobile: +64 21 531 869
Email: Nicholas.meseldzija@tower.co.nz
1
Suncorp Group Ltd. published this content on 07 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 06 November 2017 23:18:05 UTC.
Original documenthttp://www.suncorpgroup.com.au/announcements-pdf/985826
Public permalinkhttp://www.publicnow.com/view/64D8EFC4DB99B5B3D1E1FD4FA14C6021C9DD0BC1