DGAP-News: Over 95% of ADC shareholders accept the Atlas Mara offer ++ ADC and Atlas Mara in top position to realize joint vision of a premier sub-Saharan fi...

Over 95% of ADC shareholders accept the Atlas Mara offer ++ ADC and Atlas Mara in top position to realize joint vision of a premier sub-Saharan financial services group

DGAP-News: ADC African Development Corporation AG / Schlagwort(e):

Übernahmeangebot/Firmenzusammenschluss

Over 95% of ADC shareholders accept the Atlas Mara offer ++ ADC and

Atlas Mara in top position to realize joint vision of a premier

sub-Saharan financial services group

06.08.2014 / 09:26

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ADC African Development Corporation AG ("ADC") is pleased to announce that

the voluntary public offer by Atlas Mara regarding the acquisition of all

no-par value registered shares in ADC for 1.25 shares of Atlas Mara

Co-Nvest Limited per ADC share expired on 31 July 2014 and that 9,010,130

of ADC's shares have been tendered, corresponding to 95.17% of the share

capital and voting rights of ADC.

Dirk Harbecke, Founder and CEO of ADC commented: "We are excited to join

the Atlas Mara Group and to combine ADC's existing portfolio and

established banking platform with Atlas Mara's strengths in order to

realize our joint strategic objective of building the premier sub-Saharan

financial services group. The extremely high uptake of the offer confirms

that our shareholders follow our vision and have huge confidence in Atlas

Mara's and ADC's abilities to build strong, innovative and highly

profitable financial institutions. We look forward to working with the

Atlas Mara team to build the future of banking in Africa."

Additional conditions precedent relating to regulatory clearances contained

within the Offer document are currently being fulfilled after which time

the Offer will be settled with readmission of the enlarged Atlas Mara Group

(including the shares that will be issued to the tendering ADC

shareholders) taking place shortly thereafter. The Offer document and

additional information can be found on the Atlas Mara website:

www.atlasmara.com

About ADC

ADC African Development Corporation AG (ADC) (ISIN: DE000A1E8NW9;

Bloomberg: AZC.GR, www.african-development.com), is a German listed,

emerging pan-African banking group. ADC has a strong footprint in Southern

Africa via BancABC, a regional commercial banking platform operating in

Botswana, Mozambique, Tanzania, Zambia and Zimbabwe as well as exposure to

West Africa via Union Bank of Nigeria. In addition to its banking

operations, ADC has a private equity portfolio active in growth markets

across sub-Saharan Africa. ADC follows an active management approach with a

team of experts that comprise operational banking management, investment

banking and merchant banking expertise.

About Atlas Mara

Atlas Mara was formed by Bob Diamond, Founder of Atlas Merchant Capital LLC

and Ashish J. Thakkar, Founder of Mara Group Holdings Limited, and listed

on the main market of the London Stock Exchange in December 2013. The

stated strategy of the Company is that, following an acquisition, it will

operate the acquired business and implement a strategy with a view to

generating value for its shareholders through operational improvements as

well as potentially through additional complementary acquisitions. The

Directors believe that there are significant gaps in the financial services

sector in Africa today at a critical period of growth, including the need

for capital created by European financial institutions retreating to their

home territories due to the sovereign debt crisis and the Basel III

regulatory framework. This situation presents opportunities for Atlas Mara

to create a financial institution that provides leadership, liquidity,

access to investors, product innovation, and technology to support economic

growth and strengthen financial systems in Africa. For more information,

visit the Company's website at www.atlasmara.com.

Kontakt:

Investor Relations

investor-relations@african-development.com

T +49 69 719 12 80 119

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06.08.2014 Veröffentlichung einer Corporate News/Finanznachricht,

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Sprache: Deutsch

Unternehmen: ADC African Development Corporation AG

Grüneburgweg 18

60322 Frankfurt/Main

Deutschland

Telefon: +49 69 719 12 80 119

Fax: +49 69 719 12 80 115

E-Mail: info@african-development.com

Internet: www.african-development.com

ISIN: DE000A1E8NW9

WKN: A1E8NW

Börsen: Freiverkehr in Berlin, Düsseldorf; Frankfurt in Open

Market (Entry Standard)

Ende der Mitteilung DGAP News-Service

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