NOT FOR DISTRIBUTION IN OR INTO CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL Singapore, 22 August 2013 - China Fishery Group Limited ("CFGL") refers to the offer document dated 16 July 2013 (the "Offer Document") regarding the voluntary offer (the "Offer") to acquire all outstanding shares in Copeinca ASA (the "Company") made by CFGL's indirect wholly owned subsidiary Grand Success Investment (Singapore) Private Limited (the "Offeror"), as well as the announcements on 1 and 7 August 2013 regarding the results of the Offer. Following the final results announcement on 7 August 2013, the Offeror has accepted a late tender of 20,222 shares from Veramar Azul S.L. which means that the Offeror has received acceptances of the Offer for a total of 57,497,192 shares in the Company. Together with the 12,068,100 shares already owned by the Offeror, the Offeror now controls 69,565,292 shares representing approximately 99.1% of the shares and votes in the Company. Today, the shareholders of China Fishery Group Limited (CFGL) voted to approve the Offer and the acquisition of the Company's shares thereunder. Further, the shareholders of Pacific Andes International Holdings Limited (PAIH) voted to approve the Offer and the acquisition of the Company's shares thereunder on 13 August 2013, meaning that the condition in section 3.3 (g) of the Offer Document has now been fulfilled. Subject to the terms and remaining conditions set out in the Offer Document, settlement according to the Offer is expected to take place on or around 30 August 2013 (29 August in Peru due to time difference). If you have questions regarding settlement procedures, please contact your relevant receiving agent for the Offer: In Norway: Skandinaviska Enskilda Banken AB (publ) Oslo Branch Filipstad Brygge 1 P.O. Box 1843 Vika NO-0123 Oslo Norway Telephone: +47 21 00 85 00 Telefax: +47 21 00 89 62 In Peru: LarrainVial Sociedad Agente de Bolsa S.A. Jorge Basadre 310, Piso 2, San Isidro, Lima, Peru Attention: Juan José Ponce Phone: +511 611 4300 Fax: +511 611 4325 Following settlement of the Offer, CFGL intends to review its options with regard to the listing status of Copeinca. Such options include, but are not limited to, a compulsory acquisition of the remaining shares in the Company not already owned by the Offeror at the settlement of the Offer and thereafter a delisting of the Company from Oslo Børs, notwithstanding the previous intention communicated in section 4.11 of the Offer Document. CFGL will issue the appropriate announcement in due course once CFGL has determined the best course of action. *** The Offer and the distribution of this announcement and other information in connection with the Offer may be restricted by law in certain jurisdictions. CFGL does not assume any responsibility in the event there is a violation by any person of such restrictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions. This information is subject to the disclosure requirements set out in section 6-19 (voluntary offers) of the Norwegian Securities Trading Act. Contacts Skandinaviska Enskilda Banken AB (publ) Oslo Branch, financial adviser Henrik Tangen, +47 2100 8511, +47 9822 8511, henrik.tangen@seb.no China Fishery Group Limited Dennis Chan, Finance Director, +852 2589 4156, dennis.chan@chinafish.com
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