First Atlantic Brokers Limited has released the results of the Ayrton Offer as follows:
Number of successful Ayrton shareholders | No. of Shares accepted | Price per share | Total consideration |
450 | 141,023,485 | GH¢0.1600 (sixteen Ghanaian pesewas per Ayrton share settled in cash | GH¢22,563,758 |
Following Acceptance of the Offer, the Ayrton shares (as that term is defined in the offer Document) acquired by Adcock Ingram International are as follows:
Shares | % of Issued Shares | |
Ayrton Shares held by Adcock Ingram International under the offer | 141,023,485 | 65.59 |
The Board of Directors of Ayrton (Ayrton Board) has been reconstituted, effective March 29, 2010, such that the majority of the Ayrton Board now comprises nominees of Adcock Ingram International.
Settlement of the Offer Price ( as that term is defined in the offer document) to which any Ayrton Shareholder is entitled will be effected by First Atlantic Brokers in the case of acceptances received, complete in all respects, by close of business today , 1 April 2010 (being the Settlement Date, as defined in the Offer Document).
Issued in Accra, this 1st
day of April, 2010.