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YACHT Ferretti SpA News Story

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Brief: KKCG Maritime Says Has Same Concerns On Report Of Altus Included In Supplemental Notice

April 9 (Reuters) - KKCG Maritime:

KKCG MARITIME HAS SAME CONCERNS ABOUT REPORT OF ALTUS INCLUDED IN SUPPLEMENTAL ISSUER'S NOTICE

KKCG MARITIME HAS SAME CONCERNS ABOUT IMPARTIALITY OF FERRETTI BOARD AND IBC IN GIVING THEIR RECOMMENDATIONS IN RESPECT OF OFFER

NOTES TWO FERRETTI DIRECTORS FORMALLY DISAGREED WITH CONCLUSIONS AND RECOMMENDATIONS OF ALTUS AND FIH'S NOMINEES, AND ONE ABSTAINED

REFERS TO OFFER LAUNCHED BY KKCG  MARITIME TO ACQUIRE UP TO 52.1 MILLION SHARES OF FERRETTI S.P.A.

DISAGREES WITH IMPLICATION IN REPORT, SUPPLEMENTAL ISSUER’S  NOTICE THAT PARTIAL OFFER IS UNFAIR AND UNREASONABLE

REITERATES THAT OFFER IS FAIR, TRANSPARENT AND BENEFICIAL TO MINORITY SHAREHOLDERS

NOT PERMITTED UNDER HK TAKEOVERS CODE TO INCREASE THE REVISED CONSIDERATION

HAS NO RIGHT TO FURTHER EXTEND OFFER PERIOD (TO END ON 13 APRIL ) AND SETTLEMENT OF OFFER IS DUE TO OCCUR ON 20 APRIL

Further company coverage: YACHT.MI

 ((Reuters.Briefs@thomsonreuters.com;))

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