UPDATE FROM THE BOARD OF DIRECTORS OF COPEINCA ASA IN CONNECTION WITH THE VOLUNTARY OFFERS
(Thomson Reuters ONE) -
The Board of Directors (the "Board") of Copeinca ASA ("Copeinca" or the
"Company") wishes to provide an update on the current situation with respect to
the voluntary offers for the Company.
On 23 May 2013, the Board of Directors of Cermaq ASA ("Cermaq") announced that
Cermaq (i) withdraws its current voluntary offer for Copeinca (ii) will not
accept the current offer for Copeinca from China Fishery Group Limited ("CFGL")
and (iii) will support an initiative by Copeinca to solicit interest from
parties interested in Copeinca to maximize shareholder value
As per the announcement by CFGL on 11 May 2013, the CFGL offer for Copeinca at
NOK 59.70 per share will expire at 21:00pm CET on 23 May 2013. The Board notes
the announcement by CFGL on 21 May 2013 which states that CFGL's 50.1%
acceptance condition remains, and that in the event the current offer should be
unsuccessful, CFGL intends to make a new offer and will also consider increasing
the offer price above NOK 59.70 per share.
The Board has been informed by each of Dyer Coriat Holding SL ("DCH") and
Weilheim Investments SL ("Weilheim") that each of them will not accept the
current offer from CFGL. Together with the announcement from Cermaq, this means
that shareholders controlling 51.5% of Copeinca's outstanding shares will not
accept the current offer from CFGL and the Board consequently recognises that
the CFGL offer condition of minimum 50.1% acceptance will not be satisfied.
The Board will reinitiate a process which will seek to maximise value for all
Copeinca's shareholders by soliciting interest from parties potentially
interested in acquiring Copeinca. The Board is confident that Cermaq, DCH and/or
Weilheim would consider favourably any transaction that may result from such
process, provided that this would be in the best interest of all Copeinca's
shareholders.
For further information, please contact:
Samuel Dyer Coriat
Chairman, Copeinca ASA
Email: sdyerc(at)copeinca.com.pe
Tel: + 51-(1)-213 4040
Mikkel Storm-Jensen Enrique Vivot
Managing Director and Co-Head of Nordic Managing Director and Head of Latam
IBD UBS Andean Region UBS
Email: mikkel.storm-Jensen(at)ubs.com Email: enrique.vivot(at)ubs.com
Mobile: +44-77-7624 5160 Mobile: +54-911-3175 1173
Tel: +44-20-7567 2293 Tel: +54-11-4316 0310
Per Even Hauge Torleif Ernstsen
Director Director
DNB Markets Carnegie
Email: per.even.hauge(at)dnb.no Email: te(at)carnegie.no
Mobile: +47-97 13 58 66 Mobile: +47-93 40 93 88
Tel: +47-23 26 80 58 Tel: +47-22 00 93 88
About Copeinca ASA
Copeinca ASA is one of the largest fishmeal and fish oil producers in Peru. The
Company produces its fishmeal and fish oil from anchovy harvested off the coast
of Peru, and most of its production is exported. Key countries for export are
China, Japan, Germany, Canada, Chile and Denmark. Typical customers are fish
and animal feed producers as well as refineries for omega-3 products. Copeinca
ASA runs its operations out of Lima and has its own fleet. Copeinca ASA
operates 5 plants located in strategic locations all around the Peruvian coast
line. The company has around 1,400 part and full time employees.
Please visit www.copeinca.com
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: Copeinca via Thomson Reuters ONE
[HUG#1704277]
Unternehmensinformation / Kurzprofil:
Datum: 23.05.2013 - 17:56 Uhr
Sprache: Deutsch
News-ID 263094
Anzahl Zeichen: 4514
contact information:
Town:
Lima 13
Kategorie:
Business News
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"UPDATE FROM THE BOARD OF DIRECTORS OF COPEINCA ASA IN CONNECTION WITH THE VOLUNTARY OFFERS"
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