2013-03-04 08:19:16 -
Copeinca ASA ("Copeinca" or the "Company") has appointed UBS Limited
("UBS"),
DNB Markets and Carnegie to explore strategic alternatives following the
announcement made by China Fishery Group Limited ("CFGL") on 26 February 2013 of
an intended unsolicited offer for all Copeinca's outstanding shares.
As per Copeinca's announcement on 27 February, none of the shareholders
represented at the board have entered into pre-acceptance agreements with regard
to the intended offer. Also, both Dyer Coriat Holding and Weilheim Investments
(holding approximately 32.6% and 6.0% of the shares, respectively) have
expressly stated that they do not find the announced intended offer attractive
and that they will not tender their shares in an offer based on the terms and
conditions as presented by CFGL. Based on the announcements made by CFGL, only
shareholders representing a total of 25% have either provided pre-acceptances
(14.2%) or entered into option agreements (10.8%) with regard to the intended
offer, both of which may be withdrawn, if there is a competing offer being at
least 5% higher and not matched by CFGL within five trading days.
To protect the interests of Copeinca and all its shareholders, Copeinca will
together with its financial advisors consider any and all available options to
maximize shareholder value compared with CFGL's unsolicited intended offer,
including by soliciting interest from potential alternative bidders. Copeinca
will disclose further views of the announced intended offer and other relevant
developments in due course, following a closer evaluation and discussion with
its advisors.
In the meantime, shareholders are strongly advised to refrain from taking any
action in respect of their shares in Copeinca which may be prejudicial to their
interests, and to exercise caution when dealing in the shares of the Company.
For further information, please contact:
Samuel Dyer Coriat
Chairman, Copeinca ASA
Email:
sdyerc@copeinca.com.pe
Tel: + 51-(1)-213 4040
Mikkel Storm-Jensen Enrique Vivot
Managing Director and Co-Head of Nordic Managing Director and Head of Latam
IBD UBS
Andean Region UBS Email:
enrique.vivot@ubs.com
Email:
mikkel.storm-Jensen@ubs.com Mobile: +54-911-3175 1173
Mobile: +44-77-7624 5160 Tel: +54-11-4316 0310
Tel: +44-20-7567 2293
Per Even Hauge Torleif Ernstsen
Director Director
DNB Markets Carnegie
Email:
per.even.hauge@dnb.no Email:
te@carnegie.no
Mobile: +47-97 13 58 66 Mobile: +47-93 40 93 88
Tel: +47-23 26 80 58 Tel: +47-22 00 93 88
About Copeinca ASA
Copeinca ASA is one of the largest fishmeal and fish oil producers in Peru. The
Company produces its fishmeal and fish oil from anchovy harvested off the coast
of Peru, and most of its production is exported. Key countries for export are
China, Japan, Germany, Canada, Chile and Denmark. Typical customers are fish
and animal feed producers as well as refineries for omega-3 products. Copeinca
ASA runs its operations out of Lima and has its own fleet. Copeinca ASA
operates 5 plants located in strategic locations all around the Peruvian coast
line. The company has around 1,400 part and full time employees.
Please visit www.copeinca.com
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
Press release PDF:
hugin.info/137275/R/1682628/550459.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Copeinca via Thomson Reuters ONE
[HUG#1682628]
