NOTICE TO MEMBERS REGARDING PROPOSED AMALGAMATION
The members of Bankstown District Sports Club Ltd ABN 88 000 243 916 (Sports Club) are hereby notified that:
1.
On 18 January 2022, by way of ClubsNSW Circular 22-006, the Sports Club called for expressions of interest in amalgamation from clubs within a radius of fifty (50) kilometres of the Sports Club (EOI).
2.
The Sports Club commenced discussions with Bankstown Golf Club Ltd ABN 89 000 020 280 (Golf Club) and on 28 January 2022, the Golf Club lodged an expression of interest in amalgamating with the Sports Club in response to the EOI.
3.
Since February 2022, the Sports Club and the Golf Club have been in extensive negotiations regarding a possible amalgamation, which both clubs now propose to progress.
4.
The Boards of both clubs have now agreed to commercial terms which have been incorporated in a Memorandum of Understanding (MOU).
5.
The Sports Club will be the continuing club in the amalgamation and the Golf Club will be the dissolving club in the amalgamation. The members of the Golf Club will become members of the Sports Club.
6.
A copy of the MOU will be available to members on the Sports noticeboards and on the Sports at www.bankstownsports.com/bankstowngolfclub.
7.
The proposed amalgamation will only proceed if it is approved by the members of each club who are eligible to vote at the meetings and if the amalgamation is approved by the Independent Liquor and Gaming Authority. The members of Sports Club will be able to vote for or against the proposed amalgamation at an extraordinary general meeting.
8.
A Notice of the General Meeting will be sent to members so that it is received at least twenty (21) clear days before the meeting. A copy of the Notice of General Meeting will also be displayed on the Sports noticeboard and on the Sports
9.
The Sports Club has not received any other unsolicited merger offers during the previous twelve (12) months.
10.
This Notice is given pursuant to Section 17AE(2) of the Registered Clubs Act and Clause 4(5) of the Registered Clubs Regulation. The Notice will be displayed on the Sports noticeboard and published on the Sports
By direction of the Board ________________________ Mark C Condi Chief Executive Officer 11 July 2022