ATLAS Mara Limited Statement re Atlas Mara Increases Stake in UBN (5744S)
26 June 2018 - 4:56PM
UK Regulatory
TIDMATMA
RNS Number : 5744S
ATLAS Mara Limited
26 June 2018
26 June 2018
Atlas Mara Increases Its Stake in Union Bank of Nigeria to
49%
Atlas Mara Limited (the "Company" or the "Group"), the
sub-Sahara African financial services group, is pleased to announce
today that it has agreed to acquire an additional 280,956,166
shares of Union Bank of Nigeria Plc. ("UBN"), approximately a 1.0%
shareholding in UBN, following which its combined direct and
indirect shareholding in UBN will increase to 49.0% from 48.0%. The
Company will issue 2,360,032 ordinary shares (the "New Shares") as
consideration for the UBN shares acquired.
Applications have been made for the New Shares to be admitted to
the Official List of the UK Listing Authority and to trading on the
London Stock Exchange ("Admission"). Admission is expected to
become effective, and dealings in the New Shares are expected to
commence, at 8:00 am BST on 27 June 2018.
The New Shares will rank pari passu with the existing ordinary
shares. Following admission of the New Shares, the Company will
have 174,618,767 ordinary shares in issue, of which 1,545,764
shares are in treasury and 3,298,298 shares are held in escrow as
part of the contingent consideration for the acquisition of Finance
Bank Zambia Limited, as disclosed to the market on 1 July 2016.
Atlas Mara hereby confirms that the total number of voting rights
in Atlas Mara is 169,774,705. This figure should be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
a change in their interest in, the share capital of the Company
under the FCA's Disclosure and Transparency Rules.
Contact details
Investors
Kojo Dufu, +1 212 883 4330
Media
Teneo Blue Rubicon, +44 20 3757 9231
Anthony Silverman
About Atlas Mara
Atlas Mara Limited (LON: ATMA) is a financial services
institution listed on the London Stock Exchange. Its vision is to
create sub-Saharan Africa's premier financial services institution
through organic and inorganic growth by combining the best of
global institutional knowledge with extensive local insights. With
a presence in seven sub-Saharan countries, Atlas Mara aims to be a
positive disruptive force in the markets in which we operate by
leveraging technology to provide innovative and differentiated
product offerings, excellent customer service and accelerate
financial inclusion in the countries in which the Company operates.
For more information, visit www.atlasmara.com.
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END
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