DGAP-News: ADC African Development Corporation AG

DGAP-News: Atlas Mara completes acquisition of ADC ++ Readmission to trading of Atlas Mara on 27 August 2014

DGAP-News: ADC African Development Corporation AG / Schlagwort(e): Übernahmeangebot/Firmenzusammenschluss Atlas Mara completes acquisition of ADC ++ Readmission to trading of Atlas Mara on 27 August 2014

22.08.2014 / 12:43

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ADC African Development Corporation AG ("ADC") is pleased to announce that Atlas Mara Co-Nvest Limited ("Atlas Mara") closed its acquisition of a 95.17% stake in ADC through a share swap on 20 August 2014.

Atlas Mara's readmission prospectus was approved on 21 August 2014 and an application filed for readmission to trading on the London Stock Exchange's main market for listed securities. It is expected that readmission of Atlas Mara will become effective on 27 August 2014.

The readmission prospectus can be found on the Atlas Mara website: www.atlasmara.com

About ADC ADC African Development Corporation 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 in West Africa via Union Bank of Nigeria. Parallel to its banking operations, ADC has a private equity portfolio active in growth markets across sub-Saharan Africa.

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 --------------------------------------------------------------------- 283504 22.08.2014