ADC African Development Corporation AG / Key word(s): Squeeze Out 28.01.2015 20:31 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- On 17 December 2014, ADC African Development Corporation AG (ADC) had announced that Atlas Mara Beteiligungs AG (Atlas Mara) fixed the cash compensation to be paid to the minority shareholders pursuant to sec. 327a German Stock Corporation Act (AktG) in the course of the squeeze-out at EUR 9.36 per ADC share. Now Atlas Mara informed ADC that the cash compensation will be increased by EUR 0.36 to EUR 9.72 per ordinary share of ADC. According to Atlas Mara, the increase of the cash compensation is due to a decrease of the risk free interest rate relevant for the determination of the cash compensation, which occurred after completion of the valuation. The cash compensation for the option rights remains unchanged. The extraordinary general meeting of ADC to resolve upon the squeeze-out is scheduled for 29 January 2015. About ADC ADC African Development Corporation AG (ADC) (ISIN: DE000A1E8NW9; Bloom-berg: AZC.GR; www.african-development.com) is a German open market (Entry Standard) listed holding company with investments in sub-Saharan Africa. ADC has a strong footprint in Southern Africa via BancABC, a regional commercial banking group operating in Botswana, Mozambique, Tanzania, Zambia and Zimbabwe as well as in West Africa via Union Bank of Nigeria. Parallel to its banking operations, ADC has a private equity portfolio active in growth markets across sub-Saharan Africa. ADC is indirectly majority-owned by Atlas Mara Limited which is listed on the main market of the London Stock Exchange. For more information, visit Atlas Mara Limited's website at www.atlasmara.com. About Atlas Mara Atlas Mara Beteiligungs AG is an indirect and fully owned subsidiary of Atlas Mara Limited. Atlas Mara Limited was formed by Bob Diamond, Founder of Atlas Merchant Capital LLC and Ashish J. Thakkar, Founder of Mara Group Holdings Limited, and listed on the main market of the London Stock Exchange in December 2013. Atlas Mara Limited's strategy is to create sub-Saharan Africa's premier financial services institution through a combination of its experience, expertise and access to capital, liquidity and funding. The goals are to combine the best of global institutional knowledge with extensive local insights and experience and to support economic growth and financial inclusion in the countries in which the company operates. For more information, visit the company's website at www.atlasmara.com. Contact Investor Relations investor-relations@african-development.com T +49 69 719 12 80 119 28.01.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: ADC African Development Corporation AG Grüneburgweg 18 60322 Frankfurt/Main Germany Phone: +49 69 719 12 80 119 Fax: +49 69 719 12 80 115 E-mail: info@african-development.com Internet: www.african-development.com ISIN: DE000A1E8NW9 WKN: A1E8NW Listed: Freiverkehr in Berlin, Düsseldorf; Frankfurt in Open Market (Entry Standard) End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-News: Atlas Mara increases squeeze-out price for ADC
| Source: EQS Group AG