Copeinca : UPDATE FROM THE BOARD OF DIRECTORS OF COPEINCA ASA IN CONNECTION WITH THE VOLUNTARY OFFERS The Board of Directors (the "Board") of Copeinca ASA ("Copeinca" or the "Company") wishes to provide an update on the current situation with respect to the voluntary offers for the Company. On 23 May 2013, the Board of Directors of Cermaq ASA ("Cermaq") announced that Cermaq (i) withdraws its current voluntary offer for Copeinca (ii) will not accept the current offer for Copeinca from China Fishery Group Limited ("CFGL") and (iii) will support an initiative by Copeinca to solicit interest from parties interested in Copeinca to maximize shareholder value As per the announcement by CFGL on 11 May 2013, the CFGL offer for Copeinca at NOK 59.70 per share will expire at 21:00pm CET on 23 May 2013. The Board notes the announcement by CFGL on 21 May 2013 which states that CFGL's 50.1% acceptance condition remains, and that in the event the current offer should be unsuccessful, CFGL intends to make a new offer and will also consider increasing the offer price above NOK 59.70 per share. The Board has been informed by each of Dyer Coriat Holding SL ("DCH") and Weilheim Investments SL ("Weilheim") that each of them will not accept the current offer from CFGL. Together with the announcement from Cermaq, this means that shareholders controlling 51.5% of Copeinca's outstanding shares will not accept the current offer from CFGL and the Board consequently recognises that the CFGL offer condition of minimum 50.1% acceptance will not be satisfied. The Board will reinitiate a process which will seek to maximise value for all Copeinca's shareholders by soliciting interest from parties potentially interested in acquiring Copeinca. The Board is confident that Cermaq, DCH and/or Weilheim would consider favourably any transaction that may result from such process, provided that this would be in the best interest of all Copeinca's shareholders. For further information, please contact: Samuel Dyer Coriat Chairman, Copeinca ASA Email: email@example.com Tel: + 51-(1)-213 4040 Mikkel Storm-Jensen Enrique Vivot Managing Director and Co-Head of Nordic Managing Director and Head of Latam IBD UBS Andean Region UBS Email: mikkel.storm-Jensen@ubs.com Email: firstname.lastname@example.org Mobile: +44-77-7624 5160 Mobile: +54-911-3175 1173 Tel: +44-20-7567 2293 Tel: +54-11-4316 0310 Per Even Hauge Torleif Ernstsen Director Director DNB Markets Carnegie Email: email@example.com Email: firstname.lastname@example.org Mobile: +47-97 13 58 66 Mobile: +47-93 40 93 88 Tel: +47-23 26 80 58 Tel: +47-22 00 93 88 About Copeinca ASA Copeinca ASA is one of the largest fishmeal and fish oil producers in Peru. The Company produces its fishmeal and fish oil from anchovy harvested off the coast of Peru, and most of its production is exported. Key countries for export are China, Japan, Germany, Canada, Chile and Denmark. Typical customers are fish and animal feed producers as well as refineries for omega-3 products. Copeinca ASA runs its operations out of Lima and has its own fleet. Copeinca ASA operates 5 plants located in strategic locations all around the Peruvian coast line. The company has around 1,400 part and full time employees. Please visit www.copeinca.com This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. ------------------------------------------------------------------------------ This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Copeinca via Thomson Reuters ONE HUG#1704277
Copeinca : UPDATE FROM THE BOARD OF DIRECTORS OF COPEINCA ASA IN CONNECTION WITH THE VOLUNTARY OFFERS
Press spacebar to pause and continue. Press esc to stop.