mardi 24 juillet 2012
The operation of merger - absorption of the African Company of Industrial Representations (SARI) by the CFAO Motors Côte d’Ivoire (CFAO IC), authorized by the Regional council of the Public savings and Financial markets (CREMPF) by the visa N° OA / 12-003 of June 15th, 2012, will start on July 23rd, 2012. For that purpose, the title SARI IC will be suspended by the quotation from Thursday, July 19th, 2012.
This operation which pulls the increase of the capital of CFAO IC for an amount of XOF1 754 670 000, with the creation of 350 934 new shares of XOF 5 000 each, will come true in the following way :
1-Period of exchange : from July 23rd till August 03rd, 2012
During period, every shareholder SARI IC will go with its SGI (Investment and Brokerage Firm) to sign an order with the aim of the exchange of its securities SARI IC against securitiesCFAO IC in application of the parity of exchange of 3 shares SARI IC against 8 sharesCFAO IC.
2-Period of negotiation of the worn-out : from 06 till 17 August 2012
The negotiation of worn-out outcome of the exchanges of securities SARI IC in securities CFAO IC will be made on the BRVM. The shareholders holders of were broken after the exchange, can, during this period, buy the shares SARI IC complementaryor sell the shares held to round off the number of obtained shares. The shareholder will give an order of purchase or sale of her shares SARI IC forming the worn-out with her bank or SGI holder of their shares.
Worn-out remaining at the end of the period of exchange will be automatically bought back by the CFAO IC in the market price.
The quotation of the title SARI IC will be suspended from August 20th until its radiation.
The quotation of the new sharesCFAO IC, comparable to the former shares, will be made on September 21st, 2012. Accordingly, the radiation of the title SARI IC will intervene at the end of this operation after notices of information of the BRVM.