Business
Acquisition of Shares
Acquisition of Shares.
About this update from Dci Advisors Limited
[{"type":"text","content":"\n Dolphin Capital Investors Limited\n07 June 2007\n\nFor release\n7 June 2007\n\n Dolphin Capital Investors Limited (DCIL)\n\n Further re: Acquisition of Aristo Developers Plc and Public\n Offer to Acquire the Remaining Shares\n\nFurther to the announcements made by DCIL on 5, 11, 16 and 26 April 2007,\nDolphin Capital Atlantis Limited ('DCA' or the 'Company'), an acquisition\nvehicle controlled by DCIL, has today published a public offer document and\nlaunched a public tender offer for the acquisition of 100% of the share capital\nof Aristo Developers Plc ('Aristo').\n\nOn 5 April 2007, DCIL announced that it had (through DCA) acquired c. 20% of\nAristo from its second largest shareholder, had conditionally agreed to acquire\na c. 59.54% stake in Aristo from founder Mr. Theodoros Aristodimou ('TA') and\ncertain persons and companies associated with him (the 'Principal Aristo\nAcquisition') and that it would launch a public tender offer to acquire the\nremaining shares in Aristo (the 'Public Offer'). In the period from 5 April to\ndate, DCA has acquired an additional c. 12% of the shares in Aristo by way of\non-market purchases.\n\nOn 29 May 2007, the Cyprus Anti-Monopoly Commission (the 'AMC') approved the\nacquisition of Aristo by the Company and, on 6 June 2007 the Cyprus Securities\nand Exchange Commission ('CySEC') gave its final approval for the publication of\nPublic Offer document. Accordingly, DCA has today published the Public Offer\ndocument and formally launched the Public Offer for the acquisition of 100% of\nthe share capital in Aristo.\n\nUnder the terms of the Public Offer approved by CySEC, the Company has offered\nshareholders a cash purchase price of €2.15 per share. Shareholders who own\nmore than 53,000 shares in Aristo have also been offered a share and cash\nalternative, entitling them to receive 1 share in DCI Holdings Two Limited ('BVI\nHoldco'), the parent company of the Company, and a cash payment for every 53,000\nshares they own.\n\nFollowing the approvals by the AMC and CySEC and the launch of the Public Offer,\nthe Principal Aristo Acquisition is unconditional in all respects and is\nexpected to be completed within the next two days. As part of completion, the\nshares in Aristo and the consideration payable for the shares (part of which\nwill be satisfied by the transfer of a 15% stake in BVI Ho...