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

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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22.08.2014 Veröffentlichung einer Corporate News/Finanznachricht,

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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

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