Subject: Submission of request to the Securities and Exchange Commission for the exercise of a squeeze out for the acquisition of the remaining shares of Muskita Aluminium Industries Plc
Within the framework of the public offer announced on March 16, 2011, Muskita Investments Ltd, MDG Holdings Ltd and Mr. Dimos Mouskis (the Offerors) announce that on June 27, 2011 they submitted a request to the SEC for the exercise of a squeeze out, pursuant to the Public Takeover Bid Law 41(I) of 2007, which provides for the acquisition of the remaining 3,511,035 shares of Muskita Aluminium Industries Plc. The squeeze out is exercised within 3 months from the expiry of the period of acceptance of the Public Offer, which was on June 3, 2011, while the intention of the Offerors was included in the Public Offer Document dated April 27, 2011.
It is noted that with the final inspection of the Acceptance Forms, the Offerors hold 78,988,965 shares, that is, 95.74% of the total issued share capital and the voting rights of the Company. With the safeguard of SEC’s approval, the Offerors will proceed with the acquisition of the remaining 3,511,035 shares to the consideration of the Public Offer, that is, €0.84 per share cash.
This announcement is released pursuant to article 36(4) of the Law.
Within the framework of the public offer announced on March 16, 2011, Muskita Investments Ltd, MDG Holdings Ltd and Mr. Dimos Mouskis (the Offerors) announce that on June 27, 2011 they submitted a request to the SEC for the exercise of a squeeze out, pursuant to the Public Takeover Bid Law 41(I) of 2007, which provides for the acquisition of the remaining 3,511,035 shares of Muskita Aluminium Industries Plc. The squeeze out is exercised within 3 months from the expiry of the period of acceptance of the Public Offer, which was on June 3, 2011, while the intention of the Offerors was included in the Public Offer Document dated April 27, 2011.
It is noted that with the final inspection of the Acceptance Forms, the Offerors hold 78,988,965 shares, that is, 95.74% of the total issued share capital and the voting rights of the Company. With the safeguard of SEC’s approval, the Offerors will proceed with the acquisition of the remaining 3,511,035 shares to the consideration of the Public Offer, that is, €0.84 per share cash.
This announcement is released pursuant to article 36(4) of the Law.
Tuesday, 28 June, 2011 - 10:09