Revised PO from Schoeller - Path to Universal Bank
31/1/2007 15:11
Revised Public Offer from Schoeller Holdings Limited and Path Holdings Limited to the shareholders of Universal Bank Public Ltd
With reference to the Public Offer for the acquisition of a minimum 41% and a maximum 50.99% of the issued share capital of UNIVERSAL BANK PUBLIC LTD, the companies Schoeller Holdings Limited and Path Holdings Limited announce their intention to revise the provisions of the Public Offer as follows:
The Revised Public Offer does not include the provision that was mentioned in the Public Offer dated December 20, 2006, and according to which “the Public Offer would be considered successful if, apart from the bidder and Universal Life, no other shareholder exists, that controls directly or indirectly a stake of more than 19.99% of Universal Bank Public Limited, during the end of the acceptance period of the Public Offer.
The remaining provisions of the Public Offer dated December 20, 2006 remain unchanged.
This announcement is published pursuant to article 15, Part IV of the CSE Regulations 1997-2001 (Public Offer and Acquisition of Titles and Merger of Companies Listed in the CSE).
With reference to the Public Offer for the acquisition of a minimum 41% and a maximum 50.99% of the issued share capital of UNIVERSAL BANK PUBLIC LTD, the companies Schoeller Holdings Limited and Path Holdings Limited announce their intention to revise the provisions of the Public Offer as follows:
The Revised Public Offer does not include the provision that was mentioned in the Public Offer dated December 20, 2006, and according to which “the Public Offer would be considered successful if, apart from the bidder and Universal Life, no other shareholder exists, that controls directly or indirectly a stake of more than 19.99% of Universal Bank Public Limited, during the end of the acceptance period of the Public Offer.
The remaining provisions of the Public Offer dated December 20, 2006 remain unchanged.
This announcement is published pursuant to article 15, Part IV of the CSE Regulations 1997-2001 (Public Offer and Acquisition of Titles and Merger of Companies Listed in the CSE).
