E&T convertible noteholders meeting deferred

Wembley-based winemaker Evans & Tate Ltd has won Supreme Court approval to defer a meeting of convertible noteholders until July 27, following a merger offer from Ferngrove Vineyards Ltd.

The full text of a company announcement is pasted below

Evans & Tate Limited (ETW) announces that the WA Supreme Court has this morning ordered the adjournment of the meeting of Convertible Noteholders of ETW, which was due to be held this Friday, 29 June 2007.

As announced by ETW on 25 June 2007, ETW has received a merger offer from Ferngrove Vineyards Limited (Ferngrove Offer). The Ferngrove Offer was received too late to allow the normal distribution of a further supplementary notice to update the Convertible Noteholders on the Ferngrove Offer prior to the meeting taking place
on 29 June 2007.

ETW wanted to ensure that the Convertible Noteholders were provided with all material information to assist them in deciding how to vote at the meeting.

Accordingly, after consultation with the Trustee of the Convertible Notes, ETW applied to the Court for orders adjourning the meeting for 28 days, in order to give it sufficient time prior to the meeting to provide all Noteholders with further material information regarding the restructure offers received by ETW.

A revised notice of meeting will be dispatched to Convertible Noteholders on or before 13 July 2007 in accordance with the terms of the Court's order.

The adjourned meeting will now be held on Friday, 27 July 2007 at 10.00am at the same venue, namely the RAC Club of Australia, 89 Macquarie Street, New South Wales.