CTC extends FWW takeover deadline

Cyprus Trading Corporation Plc (CTC) announced that it has extended the period of acceptance given to shareholders of Woolworth (Cyprus) Properties Plc (FWW) with the consent of the Securities & Exchange Commission until September 26.

The extension has been given due to the delay in the securing of a permit from the Commission for the Protection of Competition, which is a precondition for the Public Offer. CTC has submitted a bid seeking control of FWW at the price of EUR 1.45 per share.
The Public Offer Document as approved by the SEC is available free of charge from the web sites of CTC, the issue advisers CISCO and the CSE web sites.