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Majority stake Announced Feb 2021 Closed Feb 2021

Glen Dimplex holds option to buy remaining Thermofilm shares in two years

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Relationship map for Glen Dimplex holds option to buy remaining Thermofilm shares in two yearsparent ofGlen Dimplex Group: Operating CompanyGlen Dimplex GroupThermofilm Pty Ltd: Operating CompanyTPThermofilm Pty Ltd
Operating Company

Parties

Acquirer
Glen Dimplex Group
Operating Company
Target
Thermofilm Pty Ltd
Operating Company

Market signals

Summary

Thermofilm will operate as a standalone trading entity for two years, after which Glen Dimplex holds an option to acquire the remaining shareholding.

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