SFS succeeds in bid for CyVenture

SFS Group Public Company Ltd announced that the public offer for the acquisition of a minimum 50% plus 1 share and a maximum 100% of the issued share capital of CyVenture Capital Public Company Ltd ended successfully on January 25, 2006.

The total rate of acceptance of the Public Offer by the shareholders of EXE reached 50.7%. As a result, the Public Offer is successful since the rate of acceptance together with the 34.8% held by SFS and its subsidiary, White Knight Holdings Public Company Ltd, in EXE, lifts the SFS stake to 85.5% of the issued share capital of EXE.

The payment of the consideration to the shareholders of EXE that accepted the Public Offer (2.5 new shares of SFS for every 1 share of EXE) will be carried out in 5 business days following the expiry of the period of acceptance of the Public Offer, until February 1, 200, with the dispatch of the allocation letters.

The trading of the new shares of SFS will start 10 business days following the dispatch of the allocation letters to the shareholders and so long as the CSE ensures that the shareholders’ register of SFS has been submitted in electronic form and meets the requirements set by the CSE, pursuant to Regulation 4 of the CSE Regulations 2001 for their listing in the Central Register.