UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE
14A
(RULE
14a-101)
INFORMATION
REQUIRED IN PROXY STATEMENT
SCHEDULE
14A INFORMATION
Proxy
Statement Pursuant to Section 14(a) of
the
Securities Exchange Act of 1934 (Amendment No. )
|
Filed by the Registrant
|
☒
|
|
Filed by a Party other than the Registrant
|
☐
|
Check
the appropriate box:
☐
Preliminary
Proxy Statement
☐
Confidential,
for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
☐
Definitive
Proxy Statement
☒
Definitive
Additional Materials
☐
Soliciting
Material Pursuant to Rule 14a-12
GARNERO
GROUP ACQUISITION COMPANY
(Name
of Registrant as Specified In Its Charter)
(Name
of Person(s) Filing Proxy Statement, if other than the Registrant)
Payment
of Filing Fee (Check the appropriate box):
|
☒
|
No
fee required.
|
|
☐
|
Fee
computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11.
|
|
|
|
|
|
(1)
|
Title
of each class of securities to which transaction applies:
|
|
|
|
|
|
|
|
|
|
(2)
|
Aggregate
number of securities to which transaction applies:
|
|
|
|
|
|
|
|
|
|
(3)
|
Per
unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which
the filing fee is calculated and state how it was determined):
|
|
|
|
|
|
|
|
|
|
(4)
|
Proposed
maximum aggregate value of transaction:
|
|
|
|
|
|
|
|
|
|
(5)
|
Total
fee paid:
|
|
|
|
|
|
|
|
|
☐
|
Fee
paid previously with preliminary materials.
|
|
☐
|
Check
box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting
fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date
of its filing.
|
|
|
|
|
|
(1)
|
Amount
Previously Paid:
|
|
|
|
|
|
|
|
|
|
(2)
|
Form,
Schedule or Registration Statement No.:
|
|
|
|
|
|
|
|
|
|
(3)
|
Filing
Party:
|
|
|
|
|
|
|
|
|
|
(4)
|
Date
Filed
:
|
|
|
|
Garnero
Group Announces Adjournment of Extraordinary General Meeting of Shareholders to July 19, 2016
NEW
YORK, June 22, 2016 -- Garnero Group Acquisition Company
(NASDAQ: GGAC) (“GGAC”), a public investment vehicle
formed for the purpose of effecting a merger, acquisition or similar business combination, announced today that it has adjourned
the extraordinary general meeting of its shareholders that convened today, without conducting any business, and will reconvene
the extraordinary general meeting at 10:00 a.m., eastern time, on July 19, 2016. GGAC had announced, on June 17, 2016, its intention
to adjourn the meeting, and the date and time that the meeting is to be reconvened is the same as in the previous announcement.
The
purpose of the extraordinary general meeting is to consider the proposed business combination with Q1 Comercial de Roupas S.A.
(“Grupo Colombo” or “GC”), a leading apparel retailer in Brazil, and certain related proposals. GGAC determined
that an additional adjournment of the extraordinary general meeting was necessary to provide additional time for GC to finalize
the previously disclosed financial restructuring and for GGAC to deliver additional information regarding the transaction to its
shareholders.
GGAC
will send a written notice of the adjournment to its shareholders. Consideration of the business combination proposal at the reconvened
extraordinary general meeting is dependent upon GGAC’s shareholders approving an extension of the deadline for GGAC to complete
an initial business combination from June 25, 2016 to July 22, 2016. If this extension is not approved, GGAC will automatically
wind up, dissolve and liquidate starting by June 25, 2016, and accordingly the business combination will be terminated.
GGAC
encourages all of its shareholders to vote at the reconvened extraordinary general meeting. If you have already provided voting
instructions, your shares will be voted in accordance with these instructions at the reconvened extraordinary general meeting,
unless you affirmatively change your instructions as described in the proxy statement for the extraordinary general meeting.
About
Q1 Comercial de Roupas S.A.
Founded
in 1917, Grupo Colombo is one of Brazil's leading retailers with a focus on menswear, with approximately 400 stores throughout
the country. GC has strong brand awareness for its clothing and is known for its high quality products at competitive prices.
Basic pieces that don't go out of fashion which consumers wear day-to-day for business or leisure are found throughout the year
in its stores. Beyond the basics, GC also has a premium line that brings fresh ideas every season. For more information, please
visit www.grupocolombo.com.br/investors.
About
Garnero Group Acquisition Company
GGAC
was incorporated in the Cayman Islands on February 11, 2014 as a blank check company whose objective is to acquire, through a
merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or other similar business combination,
one or more businesses or entities.
Additional
Information
This
press release is not a proxy statement or a solicitation of proxies from the holders of GGAC’s ordinary shares and does
not constitute an offer of any securities of GGAC for sale. Any solicitation of proxies will be made only by the definitive proxy
statement that GGAC has mailed to all shareholders and filed with the Securities and Exchange Commission, including any supplements
or amendments thereto.
GGAC,
its directors and executive officers and EarlyBirdCapital, Inc. may be deemed to be participants in the solicitation of proxies
for the extraordinary general meeting of GGAC shareholders to be held to approve the proposed transaction. Shareholders are advised
to read GGAC’s definitive proxy statement in connection with the solicitation of proxies for the extraordinary general meeting,
including any supplements or amendments thereto, because this proxy statement will contain important information. The definitive
proxy statement has been mailed to shareholders as of March 28, 2016. Shareholders also may obtain a copy of the proxy statement,
including any supplements or amendments thereto, without charge, by directing a request to: EarlyBirdCapital, Inc., 366 Madison
Avenue, 8th Floor, New York, NY 10017. The definitive proxy statement, including any supplements or amendments thereto, also can
be obtained, without charge, at the Securities and Exchange Commission's internet site (www.sec.gov).
Forward
Looking Statements
This
press release includes certain forward-looking statements, including statements regarding future financial performance, future
growth and future acquisitions. These statements are based on Grupo Colombo's and GGAC's managements' current expectations or
beliefs and are subject to risk, uncertainty and changes in circumstances. Actual results may vary materially from those expressed
or implied by the statements herein due to changes in economic, business, competitive and/or regulatory factors, and other risks
and uncertainties affecting the operation of Grupo Colombo's business. These risks, uncertainties and contingencies include: business
conditions; changing interpretations of GAAP; fluctuations in customer demand; management of rapid growth; intensity of competition
from other providers of products and services; general economic conditions; geopolitical events and regulatory changes; the possibility
that the transactions do not close, including due to the failure to obtain a necessary extension of the deadline to consummate
an initial business combination, the failure to receive required shareholder approvals or the failure of other closing conditions,
such as receipt of necessary governmental or regulatory approvals; and other factors set forth in GGAC's filings with the Securities
and Exchange Commission. The information set forth herein should be read in light of such risks. Neither GGAC nor Grupo Colombo
is under any obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether
as a result of new information, future events, changes in assumptions or otherwise.
Contact
Garnero
Group Acquisition Company (NASDAQ: GGAC): Javier Martin Riva, CFO/CIO, Phone: +1 (305) 395-9989, Email: jmriva@garnerogroup.com
Garnero Grp. Acquisition Company - Ordinary Shares (MM) (NASDAQ:GGAC)
Historical Stock Chart
From May 2024 to Jun 2024
Garnero Grp. Acquisition Company - Ordinary Shares (MM) (NASDAQ:GGAC)
Historical Stock Chart
From Jun 2023 to Jun 2024
