04/07/2008 09:57
SFS offers a premium of 20.7% from the last trading price for the acquisition of 100% of White Knight. According to the announcement, “the Board of Directors of SFS Group Public Company Limited decided to announce its decision to submit a public offer for the acquisition of up to 100% of the issued share capital of White Knight Holdings Public Company Ltd in cash”.
“The consideration that will be offered per share of WKH is €0.35 and the Company will proceed with all necessary arrangements with a bank, which will release the relevant certification that the Company has all necessary means for the payment of the proposed consideration”, the announcement said.
“It is noted that the Company and Franston Ltd (100% subsidiary) already hold 77.14% and 12.37% of the issued share capital of WKH respectively, which stands at 89.51%”, it added.
Further information on the Public Offer will be included in the Public Offer Document, which will be prepared pursuant to the provisions of the Law and SEC’s Directives in relation to the PO Document.
The Public Offer is subject to all necessary approvals by the SEC.
“The consideration that will be offered per share of WKH is €0.35 and the Company will proceed with all necessary arrangements with a bank, which will release the relevant certification that the Company has all necessary means for the payment of the proposed consideration”, the announcement said.
“It is noted that the Company and Franston Ltd (100% subsidiary) already hold 77.14% and 12.37% of the issued share capital of WKH respectively, which stands at 89.51%”, it added.
Further information on the Public Offer will be included in the Public Offer Document, which will be prepared pursuant to the provisions of the Law and SEC’s Directives in relation to the PO Document.
The Public Offer is subject to all necessary approvals by the SEC.
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