Camposol Holding Plc.: APPROVAL OF SQUEEZE-OUT APPLICATION
12 Décembre 2013 - 4:59PM
Pursuant to section 36(4)(d) of the Public
Takeover Bids for the Acquisition of Securities of Companies, Law
41(I)/2007 (the "Law") Dyer Coriat Holding
S.L. (the "DCH"), hereby ANNOUNCE that the
application under section 36(4)(a) of the Law submitted to the
Cyprus Securities and Exchange Commission ("CySEC") on 8 November 2013 (the "Application"), under which DCH requested a CySEC
decision to be issued under section 36(5) of the Law permitting DCH
to acquire from the minority shareholders (the "Minority Shareholders") all the shares in the issued
share capital of Camposol Holding Plc which DCH does not own
(directly or indirectly) following settlement of the mandatory
takeover bid offer dated 24 September 2013 (the "Minority Shares"), has now been approved. The
squeeze-out will be effective as of 13 December 2013.
The consideration for the Minority Shares acquired
in the squeeze-out shall be a cash payment of NOK 25 per Minority
Share (the "Cash Consideration") and which
shall be paid as soon as possible following transfer to DCH.
Pursuant to the Application, DCH will:
a) |
notify
the Minority Shareholders accordingly; |
b) |
proceed
without delay with the payment of the Cash Consideration against
the transfer of the Minority Shares to DCH; and |
c) |
instruct the registrar of the Camposol Shares in the Norwegian
Central Securities Depository to effect the transfer and register
DCH as the holder of the Minority Shares. |
The Minority Shareholders have the right to
challenge the Cash Consideration in the Courts of Cyprus.
For further information, please contact:
Executive Chairman, Samuel Dyer Coriat
sdyerc@camposol.com.pe
Phone: +511 621-0800
This information is subject
of the disclosure requirements pursuant to section 5-12 of the
Norwegian Securities Trading Act.
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Camposol Holding Plc. via Globenewswire
HUG#1749704
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