Hamilton Locke is pleased to act as the legal adviser to Apollo Tourism & Leisure Ltd (ASX:ATL) (ATL) on its proposed merger with Tourism Holdings Limited (NZX:THL) (thl) by way of scheme of arrangement, which was announced to ASX and NZX on 10 December 2021 (Proposed Transaction).
Apollo was founded in Brisbane in 1985 and has since grown to be a leading Australian tourism leisure company with operations in Australia, New Zealand, North America, Germany, the United Kingdom and Ireland. The Proposed Transaction will allow ATL and thl to expand their respective global recreational vehicle (RV) networks that includes the rental, sales, manufacturing and service of RVs.
As part of the Proposed Transaction, ATL shareholders will together own approximately 25% of thl shares on issue (or 24.9% excluding thl) if the scheme is implemented and thl will apply for a foreign exempt listing on the ASX.
It is anticipated that the Proposed Transaction will complete prior to the end of financial year 2022.
The team at Hamilton Locke was led by Partner Benny Sham and assisted by Lawyer Grace Kaggelis.
Click here for more information on the transaction.
