Close of Offer (5230F)
June 15 2012 - 12:11PM
UK Regulatory
TIDMDIAM TIDMDIAA
RNS Number : 5230F
Abdallah Chatila
15 June 2012
FOR IMMEDIATE RELEASE
15 JUNE 2012
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE
UNITED STATES, CANADA, JAPAN, AUSTRALIA, NEW ZEALAND OR SOUTH
AFRICA.
MANDATORY CASH OFFER BY ABDALLAH CHATILA
TO ACQUIRE DIAMOND CIRCLE CAPITAL PLC AT US$3.50 PER DCC
SHARE
CLOSE OF OFFER
1. Close of Offer and Level of Acceptances
The definitions used in this announcement are contained in
Appendix I to this announcement.
On 10 May 2012 the Offeror announced that he had published the
Offer Document in relation to the Offer. On 31 May 2012 the Offer
became unconditional in all respects and the Offeror announced that
the Offer would remain open for acceptance until 1.00 p.m. (London
time) on 15 June 2012.
The Offer has now closed and is therefore no longer open for
acceptances.
As at 1.00 p.m. (London time) today, the Offeror had, since
publication of the Offer Document, received valid acceptances in
relation to the Offer in respect of 749,500 DCC Shares representing
approximately 10.08 per cent. of the issued share capital of the
Company. This interest, taken together with the 3,880,000 DCC
Shares acquired in the market by the Offeror before or during the
Offer, has resulted in the Offeror holding approximately 62.29 per
cent. of the voting rights exercisable at general meetings of the
Company.
The percentages of DCC Shares referred to in this announcement
are based upon a figure of 7,432,400 DCC Shares in issue on 21 May
2012.
2. Publication on Website
A copy of this announcement is available free of charge (subject
to any applicable restrictions with respect to persons resident in
Restricted Jurisdictions) on the Offeror's website at
www.achatila.ch.
3. Enquiries:
Offeror: Abdallah Chatila Tel: +41 (22) 731 49 00
Reed Smith LLP (Legal adviser to the Offeror): Oliver s'Jacob
Tel: +44 (0) 20 3116 3000
Appendix I
Definitions
The following definitions apply throughout this announcement
unless the context requires otherwise:
"Canada" Canada, its provinces, territories
and all areas subject to its
jurisdiction and any political
sub-division thereof;
"City Code" the City Code on Takeovers
and Mergers;
"DCC Shares" the existing issued or unconditionally
allotted and paid (or credited
as fully paid) ordinary shares
of US$0.01 each in the capital
of Diamond Circle Capital and
any further shares which are
unconditionally allotted or
issued fully paid (or credited
as fully paid) on or prior
to the date on which the Offer
closed or, subject to the provisions
of the City Code, such earlier
date or dates as the Offeror
may determine;
"Diamond Circle Diamond Circle Capital PLC;
Capital" or "the
Company"
"Japan" Japan, its cities, prefectures,
territories and possessions;
"Offer" the mandatory cash offer by
Abdallah Chatila to acquire
all of the DCC Shares not already
owned by the Offeror Concert
Parties (excluding treasury
shares) on the terms set out
in the Offer Document, including,
where the context requires,
any subsequent revision, variation,
extension or renewal of such
offer;
"Offer Document" the formal document sent to
DCC Shareholders (or made available
electronically in accordance
with the City Code) setting
out the full terms of the Offer
(as corrected);
"Offeror" Abdallah Chatila, the person
who made the Offer;
"Offeror Concert Abdallah Chatila, Evermay Global
Parties" Inc. and Pavlo Protopapa;
"Restricted Jurisdiction" the United States, Australia,
Canada, New Zealand, the Republic
of South Africa, Japan and
any other jurisdiction in respect
of which the making of the
Offer, directly or indirectly,
in, into or from, such jurisdiction
would constitute a violation
of the laws of such jurisdiction;
"United Kingdom" the United Kingdom of Great
Britain and Northern Ireland;
"United States" the United States of America,
its territories and possessions,
any State of the United States
and the District of Columbia,
and all other areas subject
to its jurisdiction.
This information is provided by RNS
The company news service from the London Stock Exchange
END
OUPFAMFTMBMBBLT
Diacir.Asd Cash (LSE:DIAA)
Historical Stock Chart
From Sep 2024 to Oct 2024
Diacir.Asd Cash (LSE:DIAA)
Historical Stock Chart
From Oct 2023 to Oct 2024