SBM
CAUTIONARY ANNOUNCEMENT
Further to the Cautionary Announcement issued on 03 April 2015, SBM Holdings Ltd wishes to inform the shareholders and the public at large that it has now decided not to go-ahead with the conditional offer to purchase certain assets and liabilities of Bramer Banking Corporation Ltd (in receivership).
Therefore, the offer stands cancelled.
However, there are continued discussions for the provision of limited assistance by SBM Bank (Mauritius) Ltd to the new bank, owned by the Government of Mauritius, which is not yet concluded.
By order of the Board 07 April 2015
This Cautionary Announcement is issued pursuant to Listing Rule 11.3.
The Board of Directors of SBM Holdings Ltd accepts full responsibility for the accuracy of the information contained in this Cautionary Announcement.
No comments:
Post a Comment