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12.07.2011
ALF Group Holdings AG - Takeover Further Explanation
ALF Group Holdings AG - Takeover Further Explanation
Sydney 12th July 2011 - ALF Group Holdings AG (ALF) Directors have been asked to provide further clarity with regards to the value of the proposed take over offer by ALF Finance Limited.
The 2 options that are to be available to shareholders are listed below, together with a calculation as to value of each offer.
Furthermore, we have been advised by several of the largest shareholding entities that they will opt for the second option, being all shares in the ASX listed company.
These parties include entities associated with the Directors and signify that the Directors believe that the ASX listed company shares will be a good investment.
The proposed offer is to be made by ALF Finance Limited, an Australian Public Company, which is in the process of completing the required obligations to list its shares on the Australian Stock Exchange (ASX) and will offer ALF Group Holdings AG shareholders either:
1. Cash and shares - Euro 20c and 1 ALF Finance Limited share for 5 ALF Group Holdings AG shares.
The ASX listed share has a nominal value of AUD $1-00, which for ease of calculation is E 0.76 plus E 0.20 cash = total value of this offer is E 0.96 for 5 ALF shares.
This means that the total offer of this option is E 0.19 per current ALF share.
Or
2. Shares - 1 ALF Finance Limited share for 3 ALF Group Holdings AG shares.
The ASX listed share has a nominal value of $1-00 AUD, which for ease of calculation is E 0.76 = the total value of this offer is E 0.76 for 3 ALF shares.
This means that the total offer of this option is E 0.25 per current ALF share.
The board recommends this proposal to shareholders and confirms that the board now agrees to the proposal and fully supports it.
A formal offer will be prepared for investors to consider and accept.
For further information please contact:
ALF Group Holdings AG, Level 29, Chifley Tower, 2 Chifley Square, Sydney, NSW 2000, Australia
Telephone +61-2-9293-2500
Fax +61-2-9293-2930
Website: www.alfgroupag.com
E-mail: info@alfgroupag.com
Legal Disclaimer
This press release contains forward-looking statements based on beliefs of ALF management. When used in this press release, words such as "anticipate", "believe", "estimate", "expect", "intend", "plan" and "project" are intended to identify forward-looking statements. Such statements reflect the views of ALF Group Holdings AG as of the date made with respect to future events and are subject to risks and uncertainties. Many factors could cause actual results to be materially different from those projected here, including, among others, changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services and changes in business strategy. ALF disclaims any intention or obligation to update these forward-looking statements.
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Sydney 12th July 2011 - ALF Group Holdings AG (ALF) Directors have been asked to provide further clarity with regards to the value of the proposed take over offer by ALF Finance Limited.
The 2 options that are to be available to shareholders are listed below, together with a calculation as to value of each offer.
Furthermore, we have been advised by several of the largest shareholding entities that they will opt for the second option, being all shares in the ASX listed company.
These parties include entities associated with the Directors and signify that the Directors believe that the ASX listed company shares will be a good investment.
The proposed offer is to be made by ALF Finance Limited, an Australian Public Company, which is in the process of completing the required obligations to list its shares on the Australian Stock Exchange (ASX) and will offer ALF Group Holdings AG shareholders either:
1. Cash and shares - Euro 20c and 1 ALF Finance Limited share for 5 ALF Group Holdings AG shares.
The ASX listed share has a nominal value of AUD $1-00, which for ease of calculation is E 0.76 plus E 0.20 cash = total value of this offer is E 0.96 for 5 ALF shares.
This means that the total offer of this option is E 0.19 per current ALF share.
Or
2. Shares - 1 ALF Finance Limited share for 3 ALF Group Holdings AG shares.
The ASX listed share has a nominal value of $1-00 AUD, which for ease of calculation is E 0.76 = the total value of this offer is E 0.76 for 3 ALF shares.
This means that the total offer of this option is E 0.25 per current ALF share.
The board recommends this proposal to shareholders and confirms that the board now agrees to the proposal and fully supports it.
A formal offer will be prepared for investors to consider and accept.
For further information please contact:
ALF Group Holdings AG, Level 29, Chifley Tower, 2 Chifley Square, Sydney, NSW 2000, Australia
Telephone +61-2-9293-2500
Fax +61-2-9293-2930
Website: www.alfgroupag.com
E-mail: info@alfgroupag.com
Legal Disclaimer
This press release contains forward-looking statements based on beliefs of ALF management. When used in this press release, words such as "anticipate", "believe", "estimate", "expect", "intend", "plan" and "project" are intended to identify forward-looking statements. Such statements reflect the views of ALF Group Holdings AG as of the date made with respect to future events and are subject to risks and uncertainties. Many factors could cause actual results to be materially different from those projected here, including, among others, changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services and changes in business strategy. ALF disclaims any intention or obligation to update these forward-looking statements.
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=CH0121325671">http://www.irw-press.com/alert_subscription.php?lang=en&isin=CH0121325671</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.