Allensford takeover offer for all the ordinary shares in The Reject Shop Limited for AUD78m

Allensford Pty Ltd in its capacity as trustee of the Allensford Unit Trust, wholly owned subsidiaries of Kin Group made an unconditional on-market cash offer of AUD2.70 per share for all the ordinary shares of The Reject Shop Limited that it does not already own. The offer price of AUD2.70 cash per share represents a 19% premium to the 1-month VWAP to 20 November 2018 of AUD2.27 per share. Reject Shop’s management rejected takeover offer as the offer “is inadequate and does not reflect the underlying value of The Reject Shop”