Reuters logo
BRIEF-Private equity firm Capitalworks offers to take Petmin private
December 19, 2016 / 5:41 AM / a year ago

BRIEF-Private equity firm Capitalworks offers to take Petmin private

Dec 19 (Reuters) - Petmin Ltd :

* Firm intention announcement proposed delisting and withdrawal of cautionary

* Entered into an implementation agreement with Capitalworks for Bidco to make two separate but concurrent offers to acquire all or a portion of shares in Petmin

* Offer, if implemented, will be settled either in cash at a price of R1.55 per share or issue of linked share of 1 ordinary share and 1 preference share priced at R1.60 per share

* With offer, delisting of Petmin shares from main board of securities exchange operated by JSE Ltd will be proposed to shareholders

* As of date of this announcement, irrevocable undertakings in support of offer representing 34.07 pct of offer shares, have been obtained

* It is Bidco’s intention that, after implementation of offer, Bidco will propose that company make a R150 million distribution to its shareholders Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below