CAMPOSOL OFFER TO PURCHASE OWN SHARES
(Thomson Reuters ONE) -
Pursuant to the authorization to acquire own shares granted by the Annual
General Meeting on 24 May 2011, Camposol Holding plc (the "Company") hereby
offers to buy back own shares issued by Camposol Holding plc (the "Shares") at a
price per Share of NOK 25 (the "Offer"). The Offer is limited to an aggregate
total of 2,250,000 Shares, which constitutes about 7.55% of the issued Shares of
the Company.
The acceptance period for the Offer will be from and including 12 March 2012 to
and including 16 March 2012 at 17.30 (CET). Shareholders who wish to accept the
Offer must submit a duly executed acceptance form by the end of the acceptance
period.
The price per share in the Offer is NOK 25. The volume weighted average price
per share for the period from 28 February 2012 (Camposol Holding plc publishing
fourth quarter and preliminary year 2011 financial results) until and including
9 March 2012 is NOK 23.27.
The maximum number of Shares that will be acquired from any one tendering
shareholder under the Offer is limited to 300,000 Shares. If the total number of
Shares tendered under the Offer exceeds the maximum aggregate level of Shares to
be acquired under the Offer (as set out above), the number of Shares to be
acquired from each tendering shareholder will be reduced, as required, with the
same percentage. Following lapse of the acceptance period, all shareholders who
have tendered shares in the Offer will receive information on the number of
shares that will be acquired pursuant to the Offer.
The offer is not directed to persons whose acceptance of the offer requires that
(i) further documents are issued in order for the offer to comply with local law
or (ii) registration or other measures are taken pursuant to local law. Please
see below for further description on offer restrictions.
The Company has retained DNB Markets to assist in implementing the Offer.
The acceptance form is available at www.dnb.no/emisjoner. Acceptance of the
Offer is irrevocable and cannot be withdrawn, in whole or in part, neither
before nor after the expiration of the Offer Period, after the acceptance form
has been received by the receiving agent. An acceptance of the Offer may relate
to all or parts of the Shares held by an accepting shareholder.
Settlement of the Offer will be made in cash in NOK, and will be cleared for
each selling shareholder to the shareholder's bank account registered for
dividend payments in VPS. In the event that such account is not registered with
the VPS, settlement will be made by bank transfer or, with respect to Camposol
shareholders with foreign residency, by SWIFT transfer. Settlement for shares
accepted under the Offer will be made no later than on 23 March 2012. Interest
compensation will not be paid for the period from the date of acceptance until
the settlement date.
Each shareholder is responsible for any taxes as a consequence of its acceptance
of the Offer. The Company assumes no responsibility for any tax liability
resulting from the acceptance of the Offer.
As of the date of this announcement, the Company and its subsidiaries hold
732,000 own shares, constituting approximately 2.45% of the issued shares in the
Company.
For further information and instructions for accepting the Offer, please contact
DNB Markets on telephone +47 22 94 88 80 or e-mail markets.cf(at)dnb.no.
OFFER RESTRICTIONS
General
The distribution and making of the offer may in certain jurisdictions
(including, but not limited to, Canada, Australia and Japan), be restricted by
law. Therefore, persons receiving the offer are required to inform themselves of
and observe all such restrictions. Any failure to comply with these restrictions
may constitute a violation of the securities laws of such jurisdictions. The
Company does not accept or assume any responsibility or liability for any
violation by any person whomsoever of any such restriction.
The offer is not directed to persons whose acceptance of the offer requires that
(i) further documents are issued in order for the offer to comply with local law
or (ii) registration or other measures are taken pursuant to local law. No
document or material relating to the offer may be distributed in or into any
country where such distribution or offering requires any of the before mentioned
measures to be taken or would be in conflict with any law or regulation of such
country. In the event such distribution or offering nevertheless is made, an
acceptance form sent from such a country may be disregarded as non-binding on
the offeror. The offer is not being made in Canada, Australia or Japan.
This offer does not represent an offer to acquire or obtain securities other
than the shares in the Company that are subject to the offer.
Canada
The offer is not being made in Canada or to any individual outside Canada who is
a resident of Canada, except in compliance with applicable rules.
Australia
The offer is not being made directly or indirectly in, and may not be accepted
in or from, Australia. No document in connection with the offer has been lodged
with the Australian Securities & Investments Commission ("ASIC") and ASIC has
not approved the offer in Australia.
Japan
The offer is not being made in Japan or to any resident thereof for the purpose
of solicitation of subscription or offer for sale of any securities or in the
context where its distribution may be construed as such solicitation or offer.
USA
The offer is not being made in the USA or to any resident thereof for the
purpose of solicitation of subscription or offer for sale of any securities or
in the context where its distribution may be construed as such solicitation or
offer unless an exemption from the registration requirements of the US
Securities Act is available. The offer is being conducted pursuant to disclosure
requirements of another jurisdiction than the United States, which may differ
from the disclosure requirements in the United States. It may be difficult for
investors to enforce their legal rights against the issuer and its officers and
directors, and the offeror may purchase securities otherwise than under the
offer.
For further information, please contact:
Executive Chairman, Samuel Dyer Coriat
sdyerc(at)camposol.com.pe
CFO, Jorge Ramirez
jramirez(at)camposol.com.pe
Phone: +511 621-0800
About CAMPOSOL
CAMPOSOL is the leading agro industrial Company in Peru, involved in the
cultivation, processing and commercialization of agricultural products such as
asparagus, peppers, avocados, mangos, grapes and easy peelers. These are
exported as fresh, preserved or frozen products mainly to markets in Europe and
the United States of America. CAMPOSOL encompasses a totally integrated business
from the production of raw material in the fields to processing in the
industrial plant and subsequent commercialization in Europe and the United
States. CAMPOSOL has 24,216 own hectares of which about 6,440 are already used
for agricultural purposes, operates in 2 different locations in the Peruvian
coast, and has one fully owned processing plant for fresh, preserved and frozen
products. The Company has on average 10,000 part and full time employees.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Camposol Holding Plc. via Thomson Reuters ONE
[HUG#1593076]
Unternehmensinformation / Kurzprofil:
Datum: 12.03.2012 - 08:01 Uhr
Sprache: Deutsch
News-ID 123591
Anzahl Zeichen: 8956
contact information:
Town:
Lima 13
Kategorie:
Business News
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