DGAP-News: Atlas Mara publishes offer to ADC Shareholders ++ Atlas Mara makes a share-for-share offer to ADC Shareholders at 1.25 Atlas Mara shares for each ...

Atlas Mara publishes offer to ADC Shareholders ++ Atlas Mara makes a share-for-share offer to ADC Shareholders at 1.25 Atlas Mara shares for each ADC share, which equates to EUR 10.45 per ADC share ++ ADC will issue a reasoned statement within 14 days

DGAP-News: ADC African Development Corporation AG / Schlagwort(e):

Fusionen & Übernahmen/Übernahmeangebot

Atlas Mara publishes offer to ADC Shareholders ++ Atlas Mara makes a

share-for-share offer to ADC Shareholders at 1.25 Atlas Mara shares

for each ADC share, which equates to EUR 10.45 per ADC share ++ ADC

will issue a reasoned statement within 14 days

03.07.2014 / 19:26

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ADC African Development Corporation AG (ADC), ISIN DE000A1E8NW9, announces

that Atlas Mara Beteiligungs AG, an indirect and fully owned subsidiary of

Atlas Mara Co-Nvest Limited (Atlas Mara), has published today its offer

document setting out the terms and conditions of its offer to ADC

shareholders to acquire all shares in ADC at an exchange ratio of 1.25

Atlas Mara shares (to be listed on the London Stock Exchange) for each ADC

share. This consideration equates to EUR 10.45 per ADC share, based on

Atlas Mara's three months average share price and associated daily currency

exchange rates prior to the announcement of the intended transaction on 31

March 2014. The acceptance period expires on 31 July 2014.

The specific terms and conditions of the offer are set out in the offer

document, which can be found on Atlas Mara's website: www.atlasmara.com

ADC's Management Board welcomes the offer. Dirk Harbecke, CEO of ADC

commented: "As we said in March, Atlas Mara's founders and Board share

ADC's vision of creating a pan-African banking group. I am proud of the

business we have all built at ADC and this offer is a powerful endorsement

of our African platform. The management team and I are excited about the

opportunity to expand the business and drive future growth."

After a comprehensive review of the terms and conditions of the offer, ADC

will issue a reasoned statement (Stellungnahme), likely within the next 14

days, providing their detailed views on the offer from Atlas Mara and

including a recommendation as to acceptance of the offer. This statement,

as well as further information, will be made available on ADC's website:

www.african-development.com/en/investor-relations/investor-information/com

bination/

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

The Bidder, Atlas Mara Beteiligungs AG, is a German stock corporation

(Aktiengesellschaft) and an indirect and fully owned subsidiary of 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 Atlas Mara is that 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. For more

information on Atlas Mara visit: www.atlasmara.com.

Kontakt:

Investor Relations

investor-relations@african-development.com

T +49 69 719 12 80 119

Ende der Corporate News

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03.07.2014 Veröffentlichung einer Corporate News/Finanznachricht,

übermittelt durch die DGAP - ein Unternehmen der EQS Group AG.

Für den Inhalt der Mitteilung ist der Emittent / Herausgeber

verantwortlich.

Die DGAP Distributionsservices umfassen gesetzliche Meldepflichten,

Corporate News/Finanznachrichten und Pressemitteilungen.

Medienarchiv unter http://www.dgap-medientreff.de und

http://www.dgap.de

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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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