94.49% of the shareholders of Astra accepted the PO by Buziba
12/3/2008 9:40
Buziba Ltd announces that the Public Offer to the shareholders of Astra Self Drive Cars Public Ltd for the acquisition of up to 100% of its share capital expired on March 7, 2008.
At first sight, 145 Acceptance Forms have been received for a total number of 28,590,712 shares of Astra. The acceptors of the Public Offer include the persons acting in agreement with the Offeror, Messrs. Andreas Kontos and Christos Kontos, whose direct and indirect participation stands at 21,132,912 shares of Astra, that is, 69.84%.
Pursuant to the terms of the Public Offer as included in the Public Offer Document dated December 11, 2007, the Offeror will accept all the offered shares of Astra for which the Acceptance Forms will be filled in and submitted on time.
Based on the Acceptance Forms that have been received and given that they are valid and have been approved by the CSE, the Offeror will accept the total shares for which the shareholders of Astra accepted in the Acceptance Forms, that is, 28,590,712 shares.
The payment of the consideration to the shareholders of Astra who accepted the Public Offer will be carried out by April 10, 2008 with the dispatch of the relevant cheques to the beneficiaries.
Pursuant to the Public Offer Document, due to the fact that the Offeror has acquired more than 90% of the shares of Astra, it intends to exercise a squeeze out pursuant to article 36 of the Public Offering Law so as to acquire 100% of the shares of Astra.
At first sight, 145 Acceptance Forms have been received for a total number of 28,590,712 shares of Astra. The acceptors of the Public Offer include the persons acting in agreement with the Offeror, Messrs. Andreas Kontos and Christos Kontos, whose direct and indirect participation stands at 21,132,912 shares of Astra, that is, 69.84%.
Pursuant to the terms of the Public Offer as included in the Public Offer Document dated December 11, 2007, the Offeror will accept all the offered shares of Astra for which the Acceptance Forms will be filled in and submitted on time.
Based on the Acceptance Forms that have been received and given that they are valid and have been approved by the CSE, the Offeror will accept the total shares for which the shareholders of Astra accepted in the Acceptance Forms, that is, 28,590,712 shares.
The payment of the consideration to the shareholders of Astra who accepted the Public Offer will be carried out by April 10, 2008 with the dispatch of the relevant cheques to the beneficiaries.
Pursuant to the Public Offer Document, due to the fact that the Offeror has acquired more than 90% of the shares of Astra, it intends to exercise a squeeze out pursuant to article 36 of the Public Offering Law so as to acquire 100% of the shares of Astra.
