Issue: Results of the Public Offer of CLR Capital Ltd for the acquisition of up to 100% of the share capital and 100% of warrants of Perseas Investments Ltd.
Further to our announcement dated 14.7.2003, we wish to inform you that on the meeting held on July 14, 2003, the Board of Directors of CLR Capital has examined the results of the Public Offer and would like to announce the following:
Following the end of the acceptance period (July 11, 2003), the offer was accepted against 4,796,071 shares and 775.290 warrants that correspond to 93.32% and 71.65% respectively of the total issued and listed shares and warrants of Perseas Investments Ltd, which are not possessed by CLR Capital Limited and its subsidiaries or agents.
As a result and following the successful outcome of the Public Offer, the Board of Directors has decided to inform
the shareholders who have accepted the offer on the number of shares of CLR Investment Fund Limited, which will be allocated through the CSE and post the cheques to the warrant holders that have accepted the offer, pursuant to the relevant terms.
Due to the fact that CLR Capital Limited will posses 94.28% of the issued share capital of Perseas Investments Limited, the Board of Directors has decided to request the delistment of Perseas Investments Limited from the CSE.
Pursuant to the provisions of the Companies’ Law Chapter 113, the shareholders of Perseas Investments Limited who have not accepted the offer have the right within the period of three months to request CLR Capital Limited to acquire their shares according to the terms of the Public Offer. The Board of Directors decided to accept the request.
Pursuant to the provisions of article 201(1) of the Companies’ Law Chapter 113 and due to the fact that the acceptance of the Public Offer has exceeded 91.43% of the share capital of Perseas Investments Ltd, CLR Capital intends to exercise its right granted by article 201 of the Companies’ Law Chapter 113 to acquire the remaining shares of Perseas Investments Ltd.
The Board of Directors would like to express its gratitude to all shareholders for their response.
Further to our announcement dated 14.7.2003, we wish to inform you that on the meeting held on July 14, 2003, the Board of Directors of CLR Capital has examined the results of the Public Offer and would like to announce the following:
Following the end of the acceptance period (July 11, 2003), the offer was accepted against 4,796,071 shares and 775.290 warrants that correspond to 93.32% and 71.65% respectively of the total issued and listed shares and warrants of Perseas Investments Ltd, which are not possessed by CLR Capital Limited and its subsidiaries or agents.
As a result and following the successful outcome of the Public Offer, the Board of Directors has decided to inform
the shareholders who have accepted the offer on the number of shares of CLR Investment Fund Limited, which will be allocated through the CSE and post the cheques to the warrant holders that have accepted the offer, pursuant to the relevant terms.
Due to the fact that CLR Capital Limited will posses 94.28% of the issued share capital of Perseas Investments Limited, the Board of Directors has decided to request the delistment of Perseas Investments Limited from the CSE.
Pursuant to the provisions of the Companies’ Law Chapter 113, the shareholders of Perseas Investments Limited who have not accepted the offer have the right within the period of three months to request CLR Capital Limited to acquire their shares according to the terms of the Public Offer. The Board of Directors decided to accept the request.
Pursuant to the provisions of article 201(1) of the Companies’ Law Chapter 113 and due to the fact that the acceptance of the Public Offer has exceeded 91.43% of the share capital of Perseas Investments Ltd, CLR Capital intends to exercise its right granted by article 201 of the Companies’ Law Chapter 113 to acquire the remaining shares of Perseas Investments Ltd.
The Board of Directors would like to express its gratitude to all shareholders for their response.
Tuesday, 15 July, 2003 - 09:45