SOURCE: ATLAS Mara Limited

July 30, 2015 02:00 ET

Atlas Mara Completes Brainworks Sale & Total Voting Rights Update

TORTOLA, BRITISH VIRGIN ISLANDS--(Marketwired - Jul 30, 2015) -  Atlas Mara Limited (LSE: ATMA)


30 July 2015

Atlas Mara Completes Brainworks Sale & Total Voting Rights Update

Atlas Mara Limited ("Atlas Mara" or the "Company"), the sub-Saharan African financial services group, today announces that it has completed the previously announced sale of its 10.1% stake in Brainworks Capital Management (Private) Limited ("Brainworks"), the Zimbabwe-focused private equity and advisory firm, for $8.72 million. In connection with the transaction, Atlas Mara, by way of an indirectly wholly-owned subsidiary, repurchased 664,300 Atlas Mara ordinary shares and received approximately $3.1 million in cash. 

Separately, on July 14, 2015, the Company repurchased 298 shares at a high price of $6.00 and a low price of $5.95, all of which were purchased to be held as treasury shares.

Atlas Mara's total number of ordinary shares in issue is 72,458,524, of which 1,668,559 are now held in treasury (excluding the shares repurchased in connection with the Brainworks sale referenced above and held by an indirectly wholly-owned Atlas Mara subsidiary).

In accordance with rule 5.6.1 of the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs"), Atlas Mara hereby notifies the market that the total number of voting rights in Atlas Mara is 70,789,965. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Atlas Mara under the DTRs.

Brad Gibbs, +971 4325 3745
Kojo Dufu, +1 212 883 4330

StockWell Communications, +44 (0)20 7240 2486
Anthony Silverman

About Atlas Mara
Atlas Mara was formed by Bob Diamond, CEO and Founder of Atlas Merchant Capital LLC, and Ashish J. Thakkar, Founder of Mara Group Holdings Limited, and listed on the main market of the London Stock Exchange in December 2013.

Atlas Mara's strategy is to create Sub-Saharan Africa's premier financial services institution through a combination of its experience, expertise and access to capital, liquidity and funding. The goals are to combine the best of global institutional knowledge with extensive local insights and to support economic growth and financial inclusion in the countries in which the Company operates.

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