Pharmarkas bid for Unifast succeeds

Pharmakas Quarries Limited announced that the Public Offer for the acquisition of a minimum 50% plus 1 share and a maximum 60% of the issued share capital of Unifast Finance and Investments Pubic Company Limited expired successfully on April 12, 2007.
The total rate of acceptance stands at 59.22%, that is, 5,915,094 shares of the issued share capital of UFI of the total 9,987,836 shares.
The Company already holds 4.41% of the issued share capital of UFI, that is, 440,000 shares. As a result, the total Company’s stake in UFI stands at 63.63% (6,355,094 shares).
The Public Offer is for the acquisition of a maximum 60% of the issued share capital of UFI. As a result, the Company will accept the offered shares on a pro rata basis, so that the stake acquired does not exceed 60% of the issued share capital of UFI. The titles of UFI will remain listed in the CSE.
The payment of the consideration of 11 cents cash for every share of UFI to the shareholders of UFI that accepted the Public Offer will be carried out within 14 business days after the expiry of the date of acceptance.