Pursuant to section 36(4)(d) of the Public Takeover Bids for the Acquisition of Securities of Companies, Law 41(I)/2007 (the "Law") Dyer Coriat Holding S.L. (the "DCH"), hereby ANNOUNCE that the application under section 36(4)(a) of the Law submitted to the Cyprus Securities and Exchange Commission ("CySEC") on 8 November 2013 (the "Application"), under which DCH requested a CySEC decision to be issued under section 36(5) of the Law permitting DCH to acquire from the minority shareholders (the "Minority Shareholders") all the shares in the issued share capital of Camposol Holding Plc which DCH does not own (directly or indirectly) following settlement of the mandatory takeover bid offer dated 24 September 2013 (the "Minority Shares"), has now been approved. The squeeze-out will be effective as of 13 December 2013.
The consideration for the Minority Shares acquired in the squeeze-out shall be a cash payment of NOK 25 per Minority Share (the "Cash Consideration") and which shall be paid as soon as possible following transfer to DCH.
Pursuant to the Application, DCH will:
| a) | notify the Minority Shareholders accordingly; |
| b) | proceed without delay with the payment of the Cash Consideration against the transfer of the Minority Shares to DCH; and |
| c) | instruct the registrar of the Camposol Shares in the Norwegian Central Securities Depository to effect the transfer and register DCH as the holder of the Minority Shares. |
The Minority Shareholders have the right to challenge the Cash Consideration in the Courts of Cyprus.
For further information, please contact:
Executive Chairman, Samuel Dyer Coriat
Phone: +511 621-0800