ADC African Development Corporation AG
ADC African Development Corporation AG: Atlas Mara formally requests squeeze-out in ADC
ADC African Development Corporation AG / Key word(s): Squeeze Out
ADC African Development Corporation AG, Frankfurt am Main (“ADC”) announces that Atlas Mara Beteiligungs AG, Dusseldorf, an indirect and fully owned subsidiary of Atlas Mara Co-Nvest Limited (“Atlas Mara”), today informed the Management Board of ADC that it formally requests the general meeting of ADC to resolve on the transfer of shares of the minority shareholders in ADC to Atlas Mara Beteiligungs AG for payment of an appropriate cash compensation (squeeze-out) pursuant to § 327a (1) 1 stock corporation act (AktG).
Atlas Mara Beteiligungs AG holds a stake of 95.17% of the share capital of ADC and is thus the principal shareholder of ADC pursuant to § 327a (1) 1 AktG. The resolution on the squeeze-out shall be passed in an extraordinary general meeting of ADC, which the Management Board of ADC will convene as soon as the documentation necessary to pass the resolution is available. About ADC About Atlas Mara Investor Relations investor-relations@african-development.com T +49 69 719 12 80 119 08.09.2014 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | ADC African Development Corporation AG | |
Grüneburgweg 18 | ||
60322 Frankfurt/Main | ||
Germany | ||
Phone: | +49 69 719 12 80 119 | |
Fax: | +49 69 719 12 80 115 | |
E-mail: | info@african-development.com | |
Internet: | www.african-development.com | |
ISIN: | DE000A1E8NW9 | |
WKN: | A1E8NW | |
Listed: | Freiverkehr in Berlin, Düsseldorf; Frankfurt in Open Market (Entry Standard) | |
End of News | DGAP News-Service |
286056 08.09.2014 |