SFS bids for 100% control of White Knight

The Board of Directors of SFS Group Public Company Limited decided to announce its decision to submit a public offer for the acquisition of up to 100% of the issued share capital of White Knight Holdings Public Company Ltd (WKH) in cash.
The total issued share capital of WKH stands at 216,686,667 shares of nominal value EUR0.85. It is noted that SFS and Franston Ltd (100% subsidiary) already hold 77.14% and 12.37% of the issued share capital of WKH respectively, which stands at 89.51%. Persons regarded as associated with the Company do not hold WKH shares.
The consideration that will be offered per share of WKH is EUR0.35 and the Company will proceed with all necessary arrangements with a bank, which will release the relevant certification that the Company has all necessary means for the payment of the proposed consideration. The Public Offer is subject to all necessary approvals by the CySEC.