trending Market Intelligence /marketintelligence/en/news-insights/trending/oAD1ZSbE5Inn8AMIHS6flw2 content esgSubNav
In This List

Dragon Capital to launch mandatory cash offer for Dragon-Ukrainian

Blog

Gauging Supply Chain Risk In Volatile Times

Blog

The Future of Risk Management Digitization in Credit Risk Management

Blog

Climate Credit Analytics: Diving into the model

Video

How to use ESG Heat Maps in Credit Risk Analysis


Dragon Capital to launch mandatory cash offer for Dragon-Ukrainian

Dragon Capital Group Corp. intends to launch a mandatory cash offer for the entire share capital of Dragon-Ukrainian Properties & Development Plc priced at 13 pence per share, through its wholly owned subsidiary Dragon Capital Investments Ltd.

The mandatory cash offer was required after Dragon Capital purchased 11,687,200 Dragon-­Ukrainian shares for 12.75 pence apiece May 29, increasing its stake in the company to 32.73%, representing 35,794,789 ordinary shares.

The cash offer values Dragon-­Ukrainian's existing issued share capital at approximately £14.2 million. Dragon Capital Investments will acquire any outstanding Dragon-Ukrainian shares upon purchasing 90% of the property company's shares.

The offer is subject only to Dragon Capital Investments acquiring or agreeing to acquire Dragon-Ukrainian shares representing more than 50% of the voting rights than normally exercised at the latter's general meeting.