SLLDY Sanlam Ltd Sponsored (PK)

10.06

0.03 (0.30%)

22 Nov 2024 - Closed

Delayed by 15 minutes

Name	Symbol	Market	Type
Sanlam Ltd Sponsored (PK)	USOTC:SLLDY	OTCMarkets	Depository Receipt

	Price Change	% Change	Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Traded	Last Trade
	0.03	0.30%	10.06	9.83	10.16	10.1199	9.9301	10.1199	6,534	21:03:19

Sanlam Private Investment's Merchant Securities Offer Unconditional

14/12/2011 10:01am

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Merchant Securities Group PLC (MERC.LN), a financial services company, Wednesday said that a cash offer from Sanlam Private Investment Holdings Ltd, or SPIH, a subsidiary of financial services group Sanlam U.K. Ltd, for Merchant is now wholly unconditional.

MAIN FACTS:

-As at 1:00 p.m. London time on Dec. 13, SPIH had received valid acceptances in respect of 28,971,985 offer shares representing 94.36% of the offer shares.

-This includes acceptances which were subject to irrevocable undertakings in respect of 15,976,616 offer shares representing 52.04% of offer shares.

- Merchant shares at 0929 GMT unchanged at 21.75 pence valuing the company at GBP11.3 million.

-By Rory Gallivan, Dow Jones Newswires; 44-20-7842-9411; rory.gallivan@dowjones.com