Tower bid doesn't go ahead

[ Friday, 29 October 2010 ]

Tower have decided not to proceed with their takeover
TOWER takeover offer




Tower bid does not go ahead


We have received advice that Tower have decided not to proceed with their takeover offer for
Fidelity Life.

We did say originally that in our view the offer was inappropriate and unhelpful and we are therefore pleased with this development.

We recognise that Tower have made this decision having reviewed the Fidelity published, audited accounts which demonstrate the very strong continued performance of the company.

Milton Jennings
Chief Executive Officer



29 October 2010

This email was sent by Fidelity Life Assurance Company Limited, 81 Carlton Gore Road, Newmarket, Auckland 1023.
While Fidelity Life Assurance Company Limited (Fidelity Life) has made its best endeavours to ensure the information in this Marketing Flash is accurate, neither Fidelity Life nor any company or person associated with the document takes any responsibility for any incorrect or outdated information contained herein or for actions taken as a result.  In preparing the email, the author has not taken any individual investor's personal circumstances into account and this email should not be relied upon as the basis for an investment decision.  This email is intended for Fidelity Life advisers only and is not to be distributed to members of the public.  This email is not a recommendation or an offer of securities under the Securities Act 1978.  Investments will be accepted only on the application form in the investment statement, a copy of which can be obtained free of charge from Fidelity Life. No part of this email can be copied or reproduced without the prior permission of Fidelity Life.
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