DGAP-News: ADC African Development Corporation AG / Key word(s):
Squeeze Out
Registration of squeeze-out leads to delisting of ADC
25.03.2015 / 17:53
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Today, the squeeze-out resolution passed at the Extraordinary General
Meeting of ADC African Development Corporation AG (ADC) on 29 January 2015
was registered in the commercial register.
As a consequence of this registration, the remaining shares of ADC not held
by the majority shareholder, Atlas Mara Betiligungs AG, Duesseldorf,
Germany, will be transferred to Atlas Mara Beteiligungs AG in return for a
cash compensation of EUR 9.72 per no par value registered common stock of
ADC.
The listing of the shares of ADC is expected to be discontinued shortly.
About ADC
ADC African Development Corporation AG (ADC) (ISIN: DE000A1E8NW9;
Bloom-berg: AZC.GR; http://www.african-development.com) is a German 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
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25.03.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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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: Regulated Unofficial Market in Berlin, Dusseldorf; Open
Market (Entry Standard) in Frankfurt
End of News DGAP News-Service
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337345 25.03.2015
DGAP-News: Registration of squeeze-out leads to delisting of ADC
| Source: EQS Group AG