DGAP-News: ADC African Development Corporation AG

DGAP-News: Over 95% of ADC shareholders accept the Atlas Mara offer ++ ADC and Atlas Mara in top position to realize joint vision of a premier sub-Saharan financial services group

DGAP-News: ADC African Development Corporation AG / Schlagwort(e): Übernahmeangebot/Firmenzusammenschluss Over 95% of ADC shareholders accept the Atlas Mara offer ++ ADC and Atlas Mara in top position to realize joint vision of a premier sub-Saharan financial services group

06.08.2014 / 09:26

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ADC African Development Corporation AG ("ADC") is pleased to announce that the voluntary public offer by Atlas Mara regarding the acquisition of all no-par value registered shares in ADC for 1.25 shares of Atlas Mara Co-Nvest Limited per ADC share expired on 31 July 2014 and that 9,010,130 of ADC's shares have been tendered, corresponding to 95.17% of the share capital and voting rights of ADC.

Dirk Harbecke, Founder and CEO of ADC commented: "We are excited to join the Atlas Mara Group and to combine ADC's existing portfolio and established banking platform with Atlas Mara's strengths in order to realize our joint strategic objective of building the premier sub-Saharan financial services group. The extremely high uptake of the offer confirms that our shareholders follow our vision and have huge confidence in Atlas Mara's and ADC's abilities to build strong, innovative and highly profitable financial institutions. We look forward to working with the Atlas Mara team to build the future of banking in Africa."

Additional conditions precedent relating to regulatory clearances contained within the Offer document are currently being fulfilled after which time the Offer will be settled with readmission of the enlarged Atlas Mara Group (including the shares that will be issued to the tendering ADC shareholders) taking place shortly thereafter. The Offer document and additional information can be found on the Atlas Mara website: www.atlasmara.com

About ADC ADC African Development Corporation AG (ADC) (ISIN: DE000A1E8NW9; Bloomberg: AZC.GR, www.african-development.com), is a German listed, emerging pan-African banking group. ADC has a strong footprint in Southern Africa via BancABC, a regional commercial banking platform operating in Botswana, Mozambique, Tanzania, Zambia and Zimbabwe as well as exposure to West Africa via Union Bank of Nigeria. In addition to its banking operations, ADC has a private equity portfolio active in growth markets across sub-Saharan Africa. ADC follows an active management approach with a team of experts that comprise operational banking management, investment banking and merchant banking expertise.

About Atlas Mara Atlas Mara was formed by Bob Diamond, Founder of Atlas Merchant Capital LLC and Ashish J. Thakkar, Founder of Mara Group Holdings Limited, and listed on the main market of the London Stock Exchange in December 2013. The stated strategy of the Company is that, following an acquisition, it will operate the acquired business and implement a strategy with a view to generating value for its shareholders through operational improvements as well as potentially through additional complementary acquisitions. The Directors believe that there are significant gaps in the financial services sector in Africa today at a critical period of growth, including the need for capital created by European financial institutions retreating to their home territories due to the sovereign debt crisis and the Basel III regulatory framework. This situation presents opportunities for Atlas Mara to create a financial institution that provides leadership, liquidity, access to investors, product innovation, and technology to support economic growth and strengthen financial systems in Africa. For more information, visit the Company's website at www.atlasmara.com.

Kontakt: Investor Relations investor-relations@african-development.com T +49 69 719 12 80 119



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Sprache: Deutsch Unternehmen: ADC African Development Corporation AG Grüneburgweg 18 60322 Frankfurt/Main Deutschland Telefon: +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 Börsen: Freiverkehr in Berlin, Düsseldorf; Frankfurt in Open Market (Entry Standard) Ende der Mitteilung DGAP News-Service --------------------------------------------------------------------- 281015 06.08.2014