malta stock exchange - company announcement … · 2015. 5. 16. · the following is a company...

Lignum House, Aldo Moro Road, Marsa, MRS 9065, Malta T: +356 2124 2121 | F: +356 2593 3998 | E: [email protected] www.crimsonwing.com Crimsonwing PLC | Registered in Malta: C42234 COMPANY ANNOUNCEMENT Crimsonwing p.l.c. Commencement of squeeze-out process Date of Announcement 4 February 2015 Reference 78/2015 The following is a Company Announcement by Crimsonwing p.l.c. (“Crimsonwing” or the “Company”) issued in terms of Chapter 11 of the Malta Financial Services Authority Listing Rules: Quote Further to announcement 75/2015 issued by the Company on 30 January 2015 the Company announces that 29,506,296 shares in the Company amounting to approximately 97.7% of the entire issued share capital of the Company have been transferred to KPMG Investments Malta Limited (the “Offeror”). The Offeror has communicated to the Company that it is commencing the process provided for in Listing Rule 11.42, save in respect of any shares where it is currently precluded from doing so by legal process. The said Listing Rule grants the Offeror the right to require all the holders of the remaining shares in Crimsonwing to sell their shares to the Offeror. For the purposes of Listing Rule 11.43, the Offeror has obtained a report prepared by Deloitte Services Limited, who were appointed by the Offeror as independent experts, determining the offer price of EUR 0.8327 per share to be the fair price for the remaining shares. A copy of the report is appended to this Company Announcement and is also available for public viewing on Crimsonwing’s website at www.crimsonwing.com. The Company has been informed by the Offeror that Rizzo, Farrugia & Co. (Stockbrokers) Ltd, in their capacity as the Managers, Registrars and Collecting and Paying Agents of the Offeror’s bid, have been instructed to complete the transfer of all the remaining shares which the Offeror is not currently precluded from acquiring and to process the applicable payments by no later than close of business on 6 February 2015. The Offeror has informed the Company that it is reserving the right to squeeze-out the remaining shares at subsequent stages. Unquote By order of the Board. Dr. Malcolm Falzon Company Secretary

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Page 1: Malta Stock Exchange - COMPANY ANNOUNCEMENT … · 2015. 5. 16. · The following is a Company Announcement by Crimsonwing p.l.c. (“Crimsonwing” or the “Company”) issued in

Lignum House, Aldo Moro Road, Marsa, MRS 9065, Malta

T: +356 2124 2121 | F: +356 2593 3998 | E: [email protected]

www.crimsonwing.com

Crimsonwing PLC | Registered in Malta: C42234

COMPANY ANNOUNCEMENT

Crimsonwing p.l.c.

Commencement of squeeze-out process

Date of Announcement 4 February 2015

Reference 78/2015

The following is a Company Announcement by Crimsonwing p.l.c. (“Crimsonwing” or the “Company”) issued in terms of Chapter 11 of the Malta Financial Services Authority Listing Rules: Quote Further to announcement 75/2015 issued by the Company on 30 January 2015 the Company announces that 29,506,296 shares in the Company amounting to approximately 97.7% of the entire issued share capital of the Company have been transferred to KPMG Investments Malta Limited (the “Offeror”). The Offeror has communicated to the Company that it is commencing the process provided for in Listing Rule 11.42, save in respect of any shares where it is currently precluded from doing so by legal process. The said Listing Rule grants the Offeror the right to require all the holders of the remaining shares in Crimsonwing to sell their shares to the Offeror. For the purposes of Listing Rule 11.43, the Offeror has obtained a report prepared by Deloitte Services Limited, who were appointed by the Offeror as independent experts, determining the offer price of EUR 0.8327 per share to be the fair price for the remaining shares. A copy of the report is appended to this Company Announcement and is also available for public viewing on Crimsonwing’s website at www.crimsonwing.com. The Company has been informed by the Offeror that Rizzo, Farrugia & Co. (Stockbrokers) Ltd, in their capacity as the Managers, Registrars and Collecting and Paying Agents of the Offeror’s bid, have been instructed to complete the transfer of all the remaining shares which the Offeror is not currently precluded from acquiring and to process the applicable payments by no later than close of business on 6 February 2015. The Offeror has informed the Company that it is reserving the right to squeeze-out the remaining shares at subsequent stages. Unquote By order of the Board.

Dr. Malcolm Falzon Company Secretary

http://www.crimsonwing.com/