Further to my intention to submit a Public Offer for the acquisition of up to 100% of the share capital of Quantum Corporation Ltd, I would like to clarify the following:
For every 1 fully paid share of Quantum Corporation Limited, £250 will be offered as a consideration, which is the highest price that the Company’s shares were trading for the period of 6 months before the issue of this announcement.
It is clarified that if the acceptance rate exceeds 90% of the shares of Glory (shares that are not held by me or my trustee or a company that I control pursuant to the provisions of article 201(1) of the Companies’ Law, Chapter 113), I intend to acquire the remaining shares of Quantum Corporation Ltd and proceed to its delistment from the CSE, pursuant to article 201 of the Companies’ Law, Chapter 113.
On the other hand, if the acceptance rate does not exceed 90% of the share capital of Quantum Corporation Ltd, I will accept the shares that will be offered on a pro rata basis, so that the stake that I will have in Quantum Corporation Ltd (including the stake of persons that act in concert with me pursuant to article 60 of the CSE Laws) does not exceed 70% (27,997 shares). In that case, Quantum Corporation Ltd will not be delisted from the CSE.
For every 1 fully paid share of Quantum Corporation Limited, £250 will be offered as a consideration, which is the highest price that the Company’s shares were trading for the period of 6 months before the issue of this announcement.
It is clarified that if the acceptance rate exceeds 90% of the shares of Glory (shares that are not held by me or my trustee or a company that I control pursuant to the provisions of article 201(1) of the Companies’ Law, Chapter 113), I intend to acquire the remaining shares of Quantum Corporation Ltd and proceed to its delistment from the CSE, pursuant to article 201 of the Companies’ Law, Chapter 113.
On the other hand, if the acceptance rate does not exceed 90% of the share capital of Quantum Corporation Ltd, I will accept the shares that will be offered on a pro rata basis, so that the stake that I will have in Quantum Corporation Ltd (including the stake of persons that act in concert with me pursuant to article 60 of the CSE Laws) does not exceed 70% (27,997 shares). In that case, Quantum Corporation Ltd will not be delisted from the CSE.
Tuesday, 1 March, 2005 - 11:47