TSX: ASO
AIM: ASO
Since AJL's initial take up of 18,880,713 Common Shares on
Immediately prior to the Offer, AJL owned 59,457,152 Common Shares, representing, on a non-diluted basis, approximately 72.9% of the issued and outstanding Common Shares. With the take up of the Common Shares on
Compulsory Acquisition
AJL has announced that it intends to carry out a compulsory acquisition (the "Compulsory Acquisition") of all of the remaining issued and outstanding Common Shares that are not currently owned by AJL pursuant to the provisions of the Canada Business Corporations Act (the "Act"). Under the terms of the Compulsory Acquisition, and subject to the terms of the Act, the holders of all remaining Common Shares not currently owned by AJL will be entitled to receive the same consideration per share as paid under the Offer, being £1.00 (or its equivalent in Canadian or
A notice of compulsory acquisition (the "Notice") and letter of transmittal and election (the "Letter of Transmittal and Election") will be sent by AJL to all registered holders of Common Shares who did not deposit their shares to the Offer to describe, among other things, the process and schedule for completion of the Compulsory Acquisition and the associated actions that such remaining shareholders are required to take on or before
Delisting
AJL has further announced that it intends to cause Avesoro to apply to delist the Common Shares from the
Caution Concerning Forward-Looking Statements
Certain statements made in this news release are forward-looking statements, including anticipated future events and circumstances, including in particular, but not limited to, statements relating to the timing of payment for the Additional Common Shares, the Compulsory Acquisition, the proposed voluntary delisting of the Common Shares from the TSX and the AIM, and the grant of a waiver from the
The information below, set out in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the grant of options to PDMRs.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM
1 | Details of the person discharging managerial responsibilities/person closely | ||
a) | Serhan Umurhan | ||
2 | Reason for the notification | ||
a) | Position/status | Director and Chief Executive Officer | |
b) | Initial notification/ | Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction | ||
a) | |||
b) | LEI | 213800EXV9AU2DOCYC52 | |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; | ||
a) | Description of the | Common shares of no par value | |
b) | Nature of the transaction | Sale of common shares | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
80,100 | |||
d) | Aggregated information |
| |
e) | Date of the transaction | ||
f) | Place of the transaction | Off market |
1 | Details of the person discharging managerial responsibilities/person closely | ||
a) | Geoff Eyre | ||
2 | Reason for the notification | ||
a) | Position/status | Director and Chief Financial Officer | |
b) | Initial notification/ | Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction | ||
a) | |||
b) | LEI | 213800EXV9AU2DOCYC52 | |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; | ||
a) | Description of the
| Common shares of no par value
| |
b) | Nature of the transaction | Sale of common shares | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
27,100 | |||
d) | Aggregated information | 27,100 | |
e) | Date of the transaction | ||
f) | Place of the transaction | Off market |
1 | Details of the person discharging managerial responsibilities/person closely associated | ||
a) | David Netherway | ||
2 | Reason for the notification | ||
a) | Position/status | Non-Executive Director | |
b) | Initial notification/ | Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction | ||
a) | |||
b) | LEI | 213800EXV9AU2DOCYC52 | |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; | ||
a) | Description of the Identification code | Common shares of no par value
| |
b) | Nature of the transaction | Sale of common shares | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
4,314 | |||
d) | Aggregated information |
| |
e) | Date of the transaction | ||
f) | Place of the transaction | Off market |
1 | Details of the person discharging managerial responsibilities/person closely | ||
a) | Jean- | ||
2 | Reason for the notification | ||
a) | Position/status | Non-Executive Director | |
b) | Initial notification/ | Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction | ||
a) | |||
b) | LEI | 213800EXV9AU2DOCYC52 | |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) | ||
a) | Description of the Identification code | Common shares of no par value
| |
b) | Nature of the transaction | Sale of common shares | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
993 | |||
d) | Aggregated information | 993 | |
e) | Date of the transaction | ||
f) | Place of the transaction | Off market |
1 | Details of the person discharging managerial responsibilities/person closely | ||
a) | Loudon Owen | ||
2 | Reason for the notification | ||
a) | Position/status | Non-Executive Director | |
b) | Initial notification/ | Initial notification | |
3 | Details of the issuer, emission allowance market participant, auction | ||
a) | |||
b) | LEI | 213800EXV9AU2DOCYC52 | |
4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; | ||
a) | Description of the | Common shares of no par value
| |
b) | Nature of the transaction | Sale of common shares | |
c) | Price(s) and volume(s) | Price(s) | Volume(s) |
995 | |||
d) | Aggregated information | 995 | |
e) | Date of the transaction | ||
f) | Place of the transaction | Off market |
About
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Certain information communicated in this announcement was, prior to its publication, inside information for the purposes of Article 7 of Regulation 596/2014.
SOURCE
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