Circular to Shareholders Specialised Market Ownership 3

Further Advice to Shareholders

Dear Shareholder

Further to the prior Circular to Shareholders dated 6 October 2022, please note that Brisbane Markets Limited (BML) has now progressed its Proportional Off-Market Takeover Bid to acquire 65% of each PMGL Shareholder’s shares in PMGL, at an offer price of $3.30 per PMGL Share (Offer).

Today, BML lodged its Bidder’s Statement with ASIC and the PMGL Board. The Bidder’s Statement will be sent to PMGL’s shareholders no earlier than two weeks after this lodgement date.

The Offer will therefore, be dated 15 November 2022 and will be issued to PMGL Shareholders on that date.

The Offer will close on 23 December 2022, unless extended or withdrawn.

The Offer allows PMGL’s shareholders, which includes many who are involved in the fresh produce industry, the ability to retain a level of investment in PMGL.

BML’s intention is to reach its desired level of ownership of over 50% of PMGL’s issued shares, having regard to assumptions made by BML that certain larger PMGL shareholders are unlikely to participate in the Offer.

Anthony Kelly


For more information on your investment in Brisbane Markets Limited, please call our Corporate Department on (07) 3915 4200 or email via the button below.