Pursuant to article 18, Part V of the CSE Regulations (Public Offer for Acquisition or Purchase of Titles and Merger of Companies Listed in the CSE), Krondel Enterprises Limited announces that the Public Offer submitted to the shareholders of Brainstorm Enterprises Public Limited on April 20, 2006 expired on May 25, 2006 at 1.30 pm.
The total shares obtained by the shareholders of Brainstorm stand at 93.82% and the Public Offer is regarded successful.
Following the successful outcome of the Public Offer, Krondel Enterprises Limited decided to send letters together with the consideration to all shareholders that accepted the Public Offer.
Since Krondel Enterprises Limited holds 93.82% of the issued share capital of Brainstorm Enterprises Public Limited, the Company will request the delisting of Brainstorm from the CSE.
The Board of Directors would like to thank the shareholders of Brainstorm Enterprises Public Limited for their response.
The total shares obtained by the shareholders of Brainstorm stand at 93.82% and the Public Offer is regarded successful.
Following the successful outcome of the Public Offer, Krondel Enterprises Limited decided to send letters together with the consideration to all shareholders that accepted the Public Offer.
Since Krondel Enterprises Limited holds 93.82% of the issued share capital of Brainstorm Enterprises Public Limited, the Company will request the delisting of Brainstorm from the CSE.
The Board of Directors would like to thank the shareholders of Brainstorm Enterprises Public Limited for their response.
Friday, 26 May, 2006 - 10:35