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HILLS PRESS RELEASES
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Hills Industries Limited (ASX: HIL) notes media coverage today regarding a possible
takeover offer for Hills' 74.9% owned subsidiary, Fielders Australia. Hills is aware
that the minority shareholder in Fielders Australia, FSR Investments has offered
its shareholding for sale. Hills has not sought to sell its shareholding in Fielders
Australia.
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Hills Industries Limited would like to advise that the issue price for shares to
be issued under the Dividend Investment Plan and Share Investment Plan for the dividend
to be paid on 23 November 2009 will be $1.87 per share.
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The 2009 financial year was challenging and the Hills Group was not untouched by
the impact of the rapid economic downturn. Your Board and management took a number
of initiatives during the year to
- reposition many of the Group’s businesses,
- reduce costs and
- ensure the Company maintained a strong balance sheet .
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