Ventura Capital Announces That A Group Of Purchasers Has Made An Offer To
Purchase All Of Maxcom's Outstanding Series A Common Stocks, Ordinary
Participation Certificates And American Depository Shares.
MEXICO CITY, Aug. 23, 2013
MEXICO CITY, Aug. 23, 2013 /PRNewswire/ -- Ventura Capital Privado, S.A. de
C.V., a sociedad anonima de capital variable, organized and existing under the
laws of the United Mexican States ("Ventura Capital") today announced that
Banco Invex S.A., Institucion de Banca Multiple, Invex Grupo Financiero, a
banking institution organized and existing under the laws of the United
Mexican States, as Trustee for the Trust 1387 (the "Trust"), Ventura Capital,
Javier Molinar Horcasitas ("Javier Molinar") and Enrique Castillo Sanchez
Mejorada ( together with the Trust, Ventura Capital and Javier Molinar, the
"Purchasers"), have made an offer in the U.S. (the "U.S. Equity Offer") to
purchase all of the outstanding Series A Common Stock, without par value (the
"Shares") of Maxcom Telecomunicaciones, S.A.B.de C.V.("Maxcom"), at a price
of Ps. 0.9666 per Share, (ii) all of the outstanding Ordinary Participation
Certificates ("CPOs") of Maxcom, at a price of Ps.2.90 per CPO, and (iii) all
of the outstanding American Depository Shares of Maxcom ("ADSs" and
collectively with the Shares and CPOs, the Securities"), at a price of Ps.
20.30 per ADS, in each case held by persons who are not Mexican residents.
Each ADS represents seven CPOs. Each CPO represents three Shares. The U.S.
Equity Offer will expire at 12:00 midnight, New York City time (11:00 p.m.,
Mexico City time) on September 26, 2013, unless extended by the Purchasers.
Simultaneously with the commencement of the U.S. Equity Offer, the Purchasers
are offering to purchase all of the outstanding Shares and CPOs of Maxcom in
Mexico, in each case, including those held by U.S. residents (together with
the U.S. Equity Offer, the "Equity Tender Offer").
Additional Information and Where to Find It
This communication is neither an offer to purchase nor a solicitation of an
offer to sell any Securities. This communication is for informational purpose
only. The Equity Tender Offer has not being made to, nor were tenders accepted
from, or on behalf of, holders of Securities in any jurisdiction in which the
making of the tender offer or the acceptance thereof would not comply with the
laws of that jurisdiction. The Purchasers have filed a tender offer statement
on Schedule TO-T including an offer to purchase, a letter of transmittal and
related documents, with the Securities and Exchange Commission ("SEC"). The
offer to purchase the Securities has only been made pursuant to the offer to
purchase, the letter of transmittal and related documents filed with such
tender offer statement. Security holders should read those materials carefully
because they contain important information, including the various terms and
conditions of the Equity Tender Offer. Security holders of Maxcom may obtain
a free copy of these documents and other documents filed by the Trust and
Maxcom with the SEC at the website maintained by the SEC at www.sec.gov. In
addition, stockholders may obtain a free copy of these documents from the
Purchaser by contacting Georgeson Inc., the Information Agent for the tender
offer, at (866) 296-6841.
Rodrigo Wright Castro
SOURCE Maxcom Telecomunicaciones, S.A.B. de C.V.
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