Buziba Ltd announces that further to the announcement dated June 13, 2008, it has proceeded with a squeeze out for the acquisition of the total shares of Astra Self Drive Cars Public Ltd.
According to the law, Hellenic Bank (Investments) Ltd, as Underwriter, has paid the consideration to the shareholders of Astra, which stood at €0.25 per share on July 3, 2008. The payment was carried out via the dispatch of a cheque to the shareholders and in certain cases via the transfer of the consideration to the Underwriters based on the authorization of the beneficiaries.
Then, the Cyprus Stock Exchange proceeded with the transfer of Astra shares to Buziba Ltd, pursuant to article 36 of the Public Offer and Acquisition Law 2007 and the provisions of the CSE Regulatory Decision, KPD 96/2008.
With the completion of the procedure, the stake of Buziba Ltd in Astra stands at 100%.
According to the law, Hellenic Bank (Investments) Ltd, as Underwriter, has paid the consideration to the shareholders of Astra, which stood at €0.25 per share on July 3, 2008. The payment was carried out via the dispatch of a cheque to the shareholders and in certain cases via the transfer of the consideration to the Underwriters based on the authorization of the beneficiaries.
Then, the Cyprus Stock Exchange proceeded with the transfer of Astra shares to Buziba Ltd, pursuant to article 36 of the Public Offer and Acquisition Law 2007 and the provisions of the CSE Regulatory Decision, KPD 96/2008.
With the completion of the procedure, the stake of Buziba Ltd in Astra stands at 100%.
Friday, 4 July, 2008 - 12:33