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A.G Leventis Offers to Buy out Minority Shareholders, to Delist from NSE - THISDAYLIVE

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A․G Leventis Offers to Buy out Minority Shareholders, to Delist from NSE

AG.Leventis Plc yesterday said, Boval S.A acting on behalf of itself, Leventis Holding S.A, and Leventis Overseas Limited, which are core shareholders of the company, has planned to acquire the shares held by other shareholders.

The offer price of 53 kobo represents a premium of 85 per cent to the 60-day volume weighted average share price and 104 per cent to the company’s closing share price on 23 September2019. “The proposed transaction is still subject to the review and clearance of the NSE and the Securities and Exchange Commission as well as the approval of the shareholders of the company. The terms and conditions of the proposed transaction will be provided in the Scheme Document which will be dispatched to all shareholders following the receipt of the “no-objection” of the regulators and an order from the Federal High Court to convene a Court-Ordered Meeting.

 

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