SOURCE: Atlas Mara Co-Nvest Limited

September 22, 2014 12:44 ET

Atlas Mara Co-Nvest Limited Mandatory Offer for Remaining 4.2% of ABC Holdings

TORTOLA, BRITISH VIRGIN ISLANDS--(Marketwired - Sep 22, 2014) - As previously announced on 21 August 2014, Atlas Mara Co-Nvest Limited ("Atlas Mara" or the "Company") owns and controls 95.84% of the issued ordinary share capital of ABC Holdings Limited ("ABCH") and today announces its intention to make an offer to all remaining holders of ordinary shares in ABCH (the "Minority Shareholders"). This intention is in line with Atlas Mara's previous communications to the market.

The consideration to be offered to the Minority Shareholders will be cash or an equivalent value of Atlas Mara ordinary shares. A cash amount of BWP 7.49 (equivalent of US$ 0.82 as at 15 September 2014) will be offered for each ABCH share listed on the BSE and US$ 0.82 for each ABCH share listed on the ZSE. Any Minority Shareholders opting to receive Atlas Mara ordinary shares will receive 0.0683 ordinary shares for each ABCH share held.

Atlas Mara expects that the offer will commence on 24 September 2014.

Contact Information

  • Contact details
    Stockwell Communications
    +44 (0)20 7240 2486
    Anthony Silverman
    Robert Morgan

    Sard Verbinnen & Co
    +1 (212) 687 8080
    David Reno
    Margaret Popper