By Kofi Ahovi
A total of 1,255 Benso Oil Palm Plantation (BOPP) shareholders have tendered in about 27,132,524 shares by the close of the Offer on March 22, 2011.
Tendered shares received by Wilmar international represent 77.97% of the entire issued shares of BOPP making Wilmar Africa the majority and controlling shareholder of BOPP.
Wilmar International Limited, on behalf of its wholly-owned subsidiary, Wilmar Africa Limited proposed to purchase all 34,800,000 issued ordinary shares of BOPP for a cash consideration of GHc 0.83 per Share.
Wilmar International had effected payment to BOPP shareholders who tendered their shares and have had the transfer of their shares to Wilmar Africa approved by the Ghana Stock Exchange Securities Depository (GSD) in the case of dematerialised BOPP Shares, and the BOPP registrar in the case of certificated BOPP Shares.
Further payments continue to be made to BOPP shareholders who tendered their shares under the Offer, as the shares are approved to be transferred to Wilmar Africa by the GSD and BOPP’s registrar, on a delivery versus payment basis as specified in Section 10.1 of the Offer Document.
As at March 30, 2011, 25,962,357 of the 27,132,524 BOPP Shares tendered had been verified and delivered to Wilmar Africa. The remaining BOPP Shares tendered are being verified and, if approved, are expected to be delivered to Wilmar Africa in the next few days.
The board of directors of BOPP has been reconstituted, effective 25 March 2011, such that it comprises three Wilmar-nominated directors, two executive directors and one independent non-executive director.
A total of 1,255 Benso Oil Palm Plantation (BOPP) shareholders have tendered in about 27,132,524 shares by the close of the Offer on March 22, 2011.
Tendered shares received by Wilmar international represent 77.97% of the entire issued shares of BOPP making Wilmar Africa the majority and controlling shareholder of BOPP.
Wilmar International Limited, on behalf of its wholly-owned subsidiary, Wilmar Africa Limited proposed to purchase all 34,800,000 issued ordinary shares of BOPP for a cash consideration of GHc 0.83 per Share.
Wilmar International had effected payment to BOPP shareholders who tendered their shares and have had the transfer of their shares to Wilmar Africa approved by the Ghana Stock Exchange Securities Depository (GSD) in the case of dematerialised BOPP Shares, and the BOPP registrar in the case of certificated BOPP Shares.
Further payments continue to be made to BOPP shareholders who tendered their shares under the Offer, as the shares are approved to be transferred to Wilmar Africa by the GSD and BOPP’s registrar, on a delivery versus payment basis as specified in Section 10.1 of the Offer Document.
As at March 30, 2011, 25,962,357 of the 27,132,524 BOPP Shares tendered had been verified and delivered to Wilmar Africa. The remaining BOPP Shares tendered are being verified and, if approved, are expected to be delivered to Wilmar Africa in the next few days.
The board of directors of BOPP has been reconstituted, effective 25 March 2011, such that it comprises three Wilmar-nominated directors, two executive directors and one independent non-executive director.
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