Each of Dyer Coriat Holding S.L.
("DCH") and Weilheim Investments
S.L. ("Weilheim") has on 21 June
2013, entered into a conditional share purchase agreement (the
"Agreement") with Golden Target
Pacific Limited, a wholly owned subsidiary of Pacific Andes
Resources Development, pursuant to which DCH and Weilheim will
acquire 2,704,080 and 676,020 shares, respectively, in
Camposol Holding Plc ("Camposol") in
a direct transaction with the seller, such shares representing in
aggregate approximately 11.33% of all the issued shares of
Camposol. The price for each share is USD 3.10, equivalent to
NOK 18.60 based on the exchange rate of USD1 = NOK 6.0008, which
represents a premium of 4.51% over the closing price of the shares
of Camposol on 21 June 2013.
The Agreement is conditional upon
and subject to Grand Success Investment (Singapore) Private
Limited, an indirect subsidiary of Pacific Andes Resources
Development Limited, successfully launching and completing a
voluntary offer for all the shares in Copeinca ASA, as further
described in the announcement from China Fishery Group Limited on
24 June 2013.
Following and subject to
completion of the acquisition of the shares under the Agreement,
DCH, having notification duties as primary insider of Camposol,
will be the owner of 11,275,080 shares in Camposol, representing
37.79 % of the issued shares of Camposol. Weilheim will following
and subject to completion of the acquisition, be the owner of
2,108,079 shares in Camposol, representing 7.07 % of the issued
shares of Camposol.
Subject to completion taking place
DCH will be obliged to either launch a mandatory offer for all
shares of Camposol or to reduce its total shareholding to below
30%. DCH will subject to completion revert with an announcement in
this respect in due course.
For further
information, please contact:
Executive Chairman, Samuel Dyer
Coriat
sdyerc@camposol.com.pe
CFO, Jorge Ramirez
jramirez@camposol.com.pe
Phone: +511 621-0800
About
CAMPOSOL
CAMPOSOL is the leading agro industrial Company in Peru, involved
in the cultivation, processing and commercialization of
agricultural products such as asparagus, peppers, avocados, mangos,
grapes and easy peelers. These are exported as fresh, preserved or
frozen products mainly to markets in Europe and the United States
of America. CAMPOSOL encompasses a totally integrated business from
the production of raw material in the fields to processing in the
industrial plant and subsequent commercialization in Europe and the
United States. CAMPOSOL has 24,216 own hectares of which about
6,440 are already used for agricultural purposes, operates in 2
different locations in the Peruvian coast, and has one fully owned
processing plant for fresh, preserved and frozen products. The
Company has on average 10,000 part and full time employees.
This information is subject
of the disclosure requirements pursuant to section 5-12 of the
Norwegian Securities Trading Act.