Telia: PO Document by Fr. Koulermos approved
26/8/2011 10:18
Further to the announcement of the Offeror, Frixos Koulermos, dated August 8, 2011 on the final decision to submit a public offer for the acquisition of up to 100% of the issued share capital of Telia Aqua Marine Public Ltd, we wish to inform you that the Public Offer Document dated August 25, 2011 is regarded as approved pursuant to article 19(4)(c) of the Takeover Bid Law N41(I)/2007 and N47(I)/2009.
The Offeror already holds directly and indirectly via persons acting in agreement with him (who already irrevocably committed to accept the Public Offer) 92.17%, that is, 20,948,318 shares of the company. As a result, there is no minimum percentage of shares that must be acquired so that the Public Offer is regarded as successful and the Public Offer is unconditional.
The Offeror is entitled to acquire the total shares of the company that he will be offered based on the terms of the Public Offer, given that no cancellation of the Public Offer will emerge pursuant to the provisions of Article 27 of the Law. The Offeror, as long as the requirements of article 36 of the Law are valid, intends to exercise a squeeze out and to demand the transfer of the remaining shares to the company after the expiry of the Public Offer period.
For each one of the shares of Telia of nominal value €0.34, €0.40 are offered cash and the period of acceptance starts on September 2, 2011 and expires on October 3, 2011 at 1.30 pm.
The Document dated August 25, 2011 includes further information on the Public Offer, the consideration that will be offered and a detailed description of the PO acceptance procedure. The Document will be posted to all shareholders together with the Acceptance Form, the Cancellation of Acceptance Form and the Investor Form to all shareholders by September 2, 2011.
In addition, the Document will be available free of charge from September 2, 2011 in electronic form at the CSE website, www.cse.com.cy and the website of Sharelink Securities and Financial Services Ltd, www.sharelinksecurities.com. Copies will also be available free of charge at the office of Sharelink Securities and Financial Services Ltd, 6 Theotoki, 1055 Nicosia, tel. 22 554200.
The Offeror already holds directly and indirectly via persons acting in agreement with him (who already irrevocably committed to accept the Public Offer) 92.17%, that is, 20,948,318 shares of the company. As a result, there is no minimum percentage of shares that must be acquired so that the Public Offer is regarded as successful and the Public Offer is unconditional.
The Offeror is entitled to acquire the total shares of the company that he will be offered based on the terms of the Public Offer, given that no cancellation of the Public Offer will emerge pursuant to the provisions of Article 27 of the Law. The Offeror, as long as the requirements of article 36 of the Law are valid, intends to exercise a squeeze out and to demand the transfer of the remaining shares to the company after the expiry of the Public Offer period.
For each one of the shares of Telia of nominal value €0.34, €0.40 are offered cash and the period of acceptance starts on September 2, 2011 and expires on October 3, 2011 at 1.30 pm.
The Document dated August 25, 2011 includes further information on the Public Offer, the consideration that will be offered and a detailed description of the PO acceptance procedure. The Document will be posted to all shareholders together with the Acceptance Form, the Cancellation of Acceptance Form and the Investor Form to all shareholders by September 2, 2011.
In addition, the Document will be available free of charge from September 2, 2011 in electronic form at the CSE website, www.cse.com.cy and the website of Sharelink Securities and Financial Services Ltd, www.sharelinksecurities.com. Copies will also be available free of charge at the office of Sharelink Securities and Financial Services Ltd, 6 Theotoki, 1055 Nicosia, tel. 22 554200.
