Aspis bids for Laser Investments

The Board of Directors of Aspis Holdings Public Company Limited decided to submit a Public Offer for the acquisition of 50% plus 1 share of the share capital of Laser Investments Public Limited at a proposed consideration of 6.39 cents or EUR0.11 per share cash.

The bid, if successful value Laser at EUR 1.38 mln, and based on the 50% ratio the public offer value is EUR 687.500.
The bid is based on article 9(1) Part III of the CSE Regulations 1997 and 2001 (Public Offer for the Acquisition or Purchase of Titles and Merger of Companies Listed in the Stock Exchange). Aspis will submit a Public Offer Document, pursuant to the provisions of the CSE Regulations.
The Public Offer requires the completion and submission of the Acceptance Forms by the shareholders of LAS who will accept the Public Offer, so that Aspis secures 50% plus 1 share of the issued share capital of LAS.
Aspis offers a wide range of product and services in the life insurance and general insurance sector in Cyprus and Albania, as well as financial services, while it expands its activities in the property sector. Aspis is actively involved in Cyprus‘s market via Liberty Life Insurance Public Company Ltd and Aspis Pronoia Insurance Company Ltd, MFS Ventures Ltd, BS Property Ltd, Lakewave Ltd, Marketrends Finance Ltd, GKLM Developments Ltd and Pires Trading Ltd, while it has acquired recently a stake in Universal Life Insurance Public Company Ltd. It also has a presence in the Albanian market with the acquisition of Interalbabian Sha.
Sharelink Securities and Finance Services Ltd will act as consultant of Aspis, within the framework of the Public Offer.