investment statement for - Pumpkin Patch investor relations

chairman’s letterDear InvestorOn behalf of the Directors, it is my pleasure to invite you to become a shareholder inPumpkin Patch Limited. Pumpkin Patch is Australasia’s leading childrenswear design,marketing and retail company. This offer provides investors with the opportunity toparticipate in the ownership of this successful New Zealand brand as it leverages itsestablished position in its home market of New Zealand and Australia into internationalmarkets.In the 14 years since Pumpkin Patch was established, by current Director Sally Synnott, ithas grown to become an Australasian fashion icon. Much of this growth has been under theleadership of current Managing Director, Maurice Prendergast, and Design Director,Chrissy Conyngham.In 2000 Pumpkin Patch began a carefully measured international expansion programme withthe opening of retail operations in England, followed by the more recent establishment ofwholesale operations in the United States, Australia, Ireland and the U.A.E.The Company is seeking to raise approximately $100 million and a listing on the New ZealandExchange. Approximately $40 million of the money raised will be used to provide newcapital to fund the Company’s expansion plans, with the balance used to reduce theholdings of existing shareholders.Following the completion of the full offer (on the basis that it is fully subscribed) existingsubstantial shareholders, including some management, will retain approximately 42% of thefully paid shares in the Company with a commitment to hold these shares for at least 12months.This offer is an opportunity to become part of a successful and growing Australasian basedinternational brand. The Board is committed to the success of Pumpkin Patch and looksforward to welcoming you as a shareholder.Yours sincerelyGreg MuirExecutive Chairman6