Avacom: Final decision for PO to Ceilfloor
Subject: Final decision for the submission of a Public Offer to Ceilfloor Public Company Limited
The Board of Directors of Avacom Public Company Limited decided to submit a Public Offer for the acquisition of up to 100% of the issued share capital of Ceilfoor Public Company Limited.
At the date of this announcement, the issued share capital of CFL stands at £1,263,750 divided into 5,055,000 shares of nominal value £0.25 each, in which the Offeror holds 52.55% in the share capital.
The proposed consideration for the acquisition of the titles of CFL stands at €0.10 (5.842 cents) per issued share, which will be paid cash to the shareholders who will accept the Public Offer.
The Company has forecasted for the payment of the sum on the Public Offer.
The Public Offer is subject to the approval of the Public Offer Document by the Securities and Exchange Commission. The Public Offer will be submitted to the SEC within 12 days from the current announcement.
This announcement is released pursuant to article 6 of the Public Offering Law for the acquisition of Company’s titles and other relevant issues.
Sharelink Securities and Financial Services acts as financial advisor of the Offeror within the framework of the Public Offer.
The Board of Directors of Avacom Public Company Limited decided to submit a Public Offer for the acquisition of up to 100% of the issued share capital of Ceilfoor Public Company Limited.
At the date of this announcement, the issued share capital of CFL stands at £1,263,750 divided into 5,055,000 shares of nominal value £0.25 each, in which the Offeror holds 52.55% in the share capital.
The proposed consideration for the acquisition of the titles of CFL stands at €0.10 (5.842 cents) per issued share, which will be paid cash to the shareholders who will accept the Public Offer.
The Company has forecasted for the payment of the sum on the Public Offer.
The Public Offer is subject to the approval of the Public Offer Document by the Securities and Exchange Commission. The Public Offer will be submitted to the SEC within 12 days from the current announcement.
This announcement is released pursuant to article 6 of the Public Offering Law for the acquisition of Company’s titles and other relevant issues.
Sharelink Securities and Financial Services acts as financial advisor of the Offeror within the framework of the Public Offer.
