17/04/2015 10:33
The Cyprus Securities and Exchange Commission approved the publication of the Public Takeover Document for the acquisition of up to 100% of the issued share capital of USB Bank Plc.
According to an announcement, the consideration offered to the shareholders of USB who will accept the Public Takeover pursuant to the Public Takeover Document, is €0,30 per share paid in cash.
The Acceptance Period of the Public Takeover for the shareholders of USB commences on 24 April 2015 and ends on 25 May 2015.
The Public Takeover Document for the shareholders of USB will not be posted to shareholders that hold less than 10.000 shares of the Offeree Company as per the relevant exception granted by the Cyprus Securities and Exchange Commission. The
Acceptance and Transfer Form and the Withdrawal Form will be posted to all shareholders.
The offer is made by BLC Bank S.A.L. which already owns 98,39% of the issued shares of 165,937 mn.
According to an announcement, the consideration offered to the shareholders of USB who will accept the Public Takeover pursuant to the Public Takeover Document, is €0,30 per share paid in cash.
The Acceptance Period of the Public Takeover for the shareholders of USB commences on 24 April 2015 and ends on 25 May 2015.
The Public Takeover Document for the shareholders of USB will not be posted to shareholders that hold less than 10.000 shares of the Offeree Company as per the relevant exception granted by the Cyprus Securities and Exchange Commission. The
Acceptance and Transfer Form and the Withdrawal Form will be posted to all shareholders.
The offer is made by BLC Bank S.A.L. which already owns 98,39% of the issued shares of 165,937 mn.
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