SHAREHOLDERS OF BANKS HOLDINGS LIMITED NOW OFFERED BDS $6.20 PER SHARE BY AMBEV’S PROXY, SLU

SLU, the AmBev subsidiary is satisfied with the High Court of Barbados decision of November 13th to remove the injunction granted November 4th. SLU can now resume the tender offer process currently outstanding.

Pursuant to the Order of the High Court, their offer made on October 26th, 2015 for a price per share of BDS$5.60 that originally expired on November 9th, 2015 was extended by 10 days to November 19th, 2015.

(FILE IMAGE - DEMO ONLY, PERSONAL CHOICE) SLU Beverages, Ltd. wishes to advise all shareholders of Banks Holdings Limited of its intention to amend its previous offer to purchase all issued and outstanding common shares in Banks Holdings Limited to an increased gross cash price of BDS$6.20 (six Barbados dollars and twenty cents), reduced by any Barbados Stock Exchange fees applicable to the shareholder. The amended offer will expire on December 3rd, 2015.

(FILE IMAGE – DEMO ONLY, PERSONAL CHOICE) SLU Beverages, Ltd. wishes to advise all shareholders of Banks Holdings Limited of its intention to amend its previous offer to purchase all issued and outstanding common shares in Banks Holdings Limited to an increased gross cash price of BDS$6.20 (six Barbados dollars and twenty cents), reduced by any Barbados Stock Exchange fees applicable to the shareholder. The amended offer will expire on December 3rd, 2015.

Full details of the amended offer are being prepared within the framework of the relevant legislation and will be communicated to the shareholders in due course according to the appropriate protocols. The information contained in this notice is qualified in its entirety by reference to the full terms of the amended offer as described in such communications.

For further information and instructions on procedures to obtain amended offer documents and for acceptance of the amended offer, shareholders may visit or contact FirstCaribbean International Trust and Merchant Bank (Barbados) Limited, Wealth Management at either Rendezvous, Christ Church or Broad Street, Bridgetown.

For further information and instructions on procedures to obtain amended offer documents and for acceptance of the amended offer, shareholders may visit or contact FirstCaribbean International Trust and Merchant Bank (Barbados) Limited, Wealth Management at either Rendezvous, Christ Church or Broad Street, Bridgetown.

The amended offer has not been approved or disapproved by any securities regulatory authority nor has any securities regulatory authority passed judgment upon the fairness or merits of the amended offer or upon the adequacy of the information contained in this notice. This notice does not constitute an offer or solicitation in any jurisdiction to any person or entity to which it is unlawful to make such offer or solicitation in such jurisdiction.

Stay in touch with the conversation, subscribe to the RSS feed for comments on this post.

Comments

add a comment

Some HTML is OK

or, reply to this post via trackback.