OFFER INFORMATION STATEMENT
As there are effectively no individual shares for sale on the Secondary Market, National Golf Holdings Limited (NGH) has recently lodged with the Australian Securities and Investment Commission an Offer Information Statement for an offer of up to 92 C Class shares in NGH (Offer). The Offer is now open.
It is noted shareholders of NGH have previously authorised the issue of these additional 92 shares.
The purpose of the Offer is to strengthen the financial positions of both NGH and The National Golf Club (Club) and specifically to:
• replenish lower Club member numbers resulting from natural attrition of Rule 3A Members (former Long Island members);
• replenish lower revenue streams resulting from reduced Club member numbers;
• reduce existing financing facilities between NGH and the Club; and
• further strengthen the financial base for NGH and/or the Club to pursue future development opportunities should they arise.
To assist with the sale of the additional shares, a digital marketing campaign will commence in the upcoming weeks to encourage new member enquiry and applications.
You will note below a link to the Offer Information Statement. The Offer Information Statement contains the information required by law to be provided in connection with the Offer. There is also a link below to a Club Promotional Brochure. Should you have family, friends or associates planning or thinking of joining The National, we encourage you to forward these links to them while the new share Offer is open.
With the excitement surrounding the official opening of the Tom Doak Gunnamatta course and the prospect of the upcoming summer season of golf – now is the perfect time to join the Club.
The National – 4 Courses – 1 Membership
National Golf Holdings Limited