LKI Landkom

TIDMLKI

RNS Number : 7628U

JadenFinch Limited

29 December 2011

29 December 2011

JadenFinch Ltd

Re revised conditional approach to Landkom International PLC

JadenFinch Ltd ("JadenFinch") notes the recent announcement by Landkom International PLC ("Landkom") regarding the recommended acquisition ("Acquisition") by Alpcot Agro AB ("Alpcot") of the entire issued and to be issued share capital of Landkom. Consideration for the Acquisition is entirely in Alpcot shares which are listed on Nasdaq OMX.

JadenFinch wishes to notify the shareholders in Landkom that on 29 December 2011 it made a revised and improved conditional approach ("Approach") to the board of Landkom pursuant to which it confirmed that it was interested in making an indicative offer for Landkom at 3.0 pence in cash for each Landkom share. This represents an improvement of 30% to JadenFinch's previous approach and represents a similar price per Landkom share as the Acquisition by Alpcot - while Alpcot offers its own shares and JadenFinch's proposal is expected to be all cash.

JadenFinch calls on the board of Landkom to enter into discussions with JadenFinch and provide JadenFinch with the necessary due diligence to enable it to make an informed assessment as to whether it will be willing to pursue a formal offer for Landkom. JadenFinch is keen to progress quickly and its aim would be to finalise due diligence by the end of January (if allowed to start the first week of January) and to proceed to make an offer for the issued and to be issued share capital of Landkom shortly thereafter.

Contacts:

Finch Investments Ltd

Matus Maar and Vasile Foca

T: +44 (0)20 8605 2620

www.finchinvest.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCPGGUPPUPGGQB

Landkom (LSE:LKI)
Historical Stock Chart
Von Mai 2024 bis Jun 2024

Landkom (LSE:LKI)
Historical Stock Chart
Von Jun 2023 bis Jun 2024