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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Atlas Est. | LSE:ATLS | London | Ordinary Share | GB00B0WDBP88 | ORD EUR0.01 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 86.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMATLS RNS Number : 0071O Fragiolig Holdings Ltd 22 June 2010 FOR IMMEDIATE RELEASE 22 June 2010 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION CASH OFFER BY FRAGIOLIG HOLDINGS LIMITED ("FRAGIOLIG") FOR ATLAS ESTATES LIMITED ("ATLAS") OFFER SUCCESSFULLY COMPLETED Fragiolig is pleased to announce that, as at 5.00 p.m. (London time) on 21 June 2010, valid acceptances had been received in respect of a total of 28,436,531 Atlas Shares, representing approximately 60.69 per cent. of the issued share capital of Atlas. None of these acceptances were received from persons acting in concert with Fragiolig. As at 5.00 p.m. (London time) on 21 June 2010, excluding Atlas Shares in respect of which valid acceptances had been received, Fragiolig, together with persons acting in concert with it, owned 15,413,078 Atlas Shares, representing approximately 32.89 per cent. of the issued share capital of Atlas. Therefore, Fragiolig, together with parties acting in concert with it, at 5.00 p.m. (London time) on 21 June 2010 owned, or had received acceptances in respect of, in aggregate, 43,849,609 Atlas Shares, representing approximately 93.59 per cent. of the issued share capital of Atlas, all of which count towards satisfaction of the Acceptance Condition. On 12 May 2010, Fragiolig announced that its Offer for Atlas had become unconditional in all respects and that the Offer would remain open for acceptance until 21 June 2010. Fragiolig confirms that the Offer has now closed. The Offer remains subject to the further terms set out in Appendix I to the Offer Document. Terms defined in the Offer Document dated 7 May 2010 shall have the same meanings in this announcement. ENQUIRIES: Fragiolig Holdings Limited Guy Indig Telephone: +357 2 245 8700 Excellion Advisors LLP, Financial Adviser to Fragiolig Robert Stafler Telephone: +44 (0) 20 3008 6870 Raffael Johnen Aura Financial Andy Mills Telephone: +44 (0) 20 7321 0034 Additional Information As announced on 16 April 2010, Fragiolig had received an irrevocable undertaking to accept the Offer in respect of 3,100,199 Atlas Shares, representing approximately 6.62 per cent. of the issued share capital of Atlas. Valid acceptances have been received in respect of such Atlas Shares and these acceptances have been included in the level of acceptances referred to above. As at 5.00 p.m. (London time) on 21 June 2010, excluding Atlas Shares in respect of which valid acceptances had been received, the interests in Atlas Shares of Fragiolig and persons acting in concert with it were as follows: +----------------------------+----------------+-------------+ | Entity | Number of | Percentage | | | Atlas | of issued | | | Shares owned | Atlas | | | | Shares | +----------------------------+----------------+-------------+ | Fragiolig Holdings Limited | 3,325,346 | 7.10 | +----------------------------+----------------+-------------+ | Atlas International | 6,461,425 | 13.79 | | Holdings Limited | | | +----------------------------+----------------+-------------+ | Mishaela Shulman1 | 54,660 | 0.12 | +----------------------------+----------------+-------------+ | RP Explorer Master Fund | 728,559 | 1.56 | +----------------------------+----------------+-------------+ | RP Partners Fund | 4,832,017 | 10.31 | +----------------------------+----------------+-------------+ | RP Capital Group employees | 11,071 | 0.02 | +----------------------------+----------------+-------------+ | Total | 15,413,078 | 32.90 | +----------------------------+----------------+-------------+ 1 Mishaela Shulman is a member of Mr Ron Izaki's family and is deemed to be acting in concert with the Izaki Group. +--------------------------------+----------------------------+ | Entity | Number of Atlas Shares to | | | be issued on exercise of | | | Atlas Warrants2 | +--------------------------------+----------------------------+ | Ron Izaki | 658,574 | +--------------------------------+----------------------------+ | Rafael Berber | 658,574 | +--------------------------------+----------------------------+ | D Saradhi Rajan | 461,002 | +--------------------------------+----------------------------+ | Lou Silver | 197,572 | +--------------------------------+----------------------------+ | AMC | 2,195,248 | +--------------------------------+----------------------------+ 2 Atlas Warrants are exercisable at a price of GBP3.41 per Atlas Share. Excellion Advisors LLP, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting exclusively for Fragiolig and no one else in connection with the matters described in this announcement and is not advising any other person and accordingly will not be responsible to any person other than Fragiolig for providing the protections afforded to clients of Excellion Advisors LLP or for providing advice in relation to the matters described in this announcement. This announcement does not constitute, or form part of, any offer for, or any solicitation of any offer for, securities. Any acceptance or other response to the Offer should be made only on the basis of information referred to in the Offer Document. The availability of the Offer to persons who are not resident in the United Kingdom may be affected by the laws of their relevant jurisdiction. Such persons should inform themselves of, and observe, any applicable legal or regulatory requirements of their jurisdiction. Further details in relation to Overseas Shareholders are contained in the Offer Document. Unless otherwise determined by Fragiolig, the Offer is not being, and will not be, made, directly or indirectly, in or into or by the use of the mails of, or by any means of instrumentality (including, without limitation, telephonically or electronically) or interstate or foreign commerce of, or through any facilities of a national securities exchange of, the United States, Canada, Australia or Japan or any other jurisdiction if to do so would constitute a violation of the relevant laws of such jurisdiction, and the Offer should not be accepted by any such use, means, instrumentality or facilities or from or within the United States, Canada, Australia or Japan or any such other jurisdiction. Accordingly, copies of this announcement are not being, and must not be, mailed or otherwise forwarded, distributed or sent in, into or from the United States, Canada, Australia or Japan and all persons receiving this announcement (including nominees, trustees and custodians) must not mail or otherwise forward, distribute or send it in, into or from the United States, Canada, Australia or Japan. Doing so may render invalid any purported acceptance of the Offer. Notwithstanding the foregoing, Fragiolig will retain the right to permit the Offer to be accepted and any sale of securities pursuant to the Offer to be completed if, in its sole discretion, it is satisfied that the transaction in question can be undertaken in compliance with applicable law and regulation. This information is provided by RNS The company news service from the London Stock Exchange END OUPGLGDLLDDBGGD
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