DIAM Diamond Cap

TIDMDIAM TIDMDIAA

RNS Number : 5230F

Abdallah Chatila

15 June 2012

FOR IMMEDIATE RELEASE

15 JUNE 2012

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, NEW ZEALAND OR SOUTH AFRICA.

MANDATORY CASH OFFER BY ABDALLAH CHATILA

TO ACQUIRE DIAMOND CIRCLE CAPITAL PLC AT US$3.50 PER DCC SHARE

CLOSE OF OFFER

   1.         Close of Offer and Level of Acceptances 

The definitions used in this announcement are contained in Appendix I to this announcement.

On 10 May 2012 the Offeror announced that he had published the Offer Document in relation to the Offer. On 31 May 2012 the Offer became unconditional in all respects and the Offeror announced that the Offer would remain open for acceptance until 1.00 p.m. (London time) on 15 June 2012.

The Offer has now closed and is therefore no longer open for acceptances.

As at 1.00 p.m. (London time) today, the Offeror had, since publication of the Offer Document, received valid acceptances in relation to the Offer in respect of 749,500 DCC Shares representing approximately 10.08 per cent. of the issued share capital of the Company. This interest, taken together with the 3,880,000 DCC Shares acquired in the market by the Offeror before or during the Offer, has resulted in the Offeror holding approximately 62.29 per cent. of the voting rights exercisable at general meetings of the Company.

The percentages of DCC Shares referred to in this announcement are based upon a figure of 7,432,400 DCC Shares in issue on 21 May 2012.

   2.         Publication on Website 

A copy of this announcement is available free of charge (subject to any applicable restrictions with respect to persons resident in Restricted Jurisdictions) on the Offeror's website at www.achatila.ch.

   3.         Enquiries: 

Offeror: Abdallah Chatila Tel: +41 (22) 731 49 00

Reed Smith LLP (Legal adviser to the Offeror): Oliver s'Jacob Tel: +44 (0) 20 3116 3000

Appendix I

Definitions

The following definitions apply throughout this announcement unless the context requires otherwise:

 
 "Canada"                    Canada, its provinces, territories 
                              and all areas subject to its 
                              jurisdiction and any political 
                              sub-division thereof; 
 "City Code"                 the City Code on Takeovers 
                              and Mergers; 
 "DCC Shares"                the existing issued or unconditionally 
                              allotted and paid (or credited 
                              as fully paid) ordinary shares 
                              of US$0.01 each in the capital 
                              of Diamond Circle Capital and 
                              any further shares which are 
                              unconditionally allotted or 
                              issued fully paid (or credited 
                              as fully paid) on or prior 
                              to the date on which the Offer 
                              closed or, subject to the provisions 
                              of the City Code, such earlier 
                              date or dates as the Offeror 
                              may determine; 
 "Diamond Circle             Diamond Circle Capital PLC; 
  Capital" or "the 
  Company" 
 "Japan"                     Japan, its cities, prefectures, 
                              territories and possessions; 
 "Offer"                     the mandatory cash offer by 
                              Abdallah Chatila to acquire 
                              all of the DCC Shares not already 
                              owned by the Offeror Concert 
                              Parties (excluding treasury 
                              shares) on the terms set out 
                              in the Offer Document, including, 
                              where the context requires, 
                              any subsequent revision, variation, 
                              extension or renewal of such 
                              offer; 
 "Offer Document"            the formal document sent to 
                              DCC Shareholders (or made available 
                              electronically in accordance 
                              with the City Code) setting 
                              out the full terms of the Offer 
                              (as corrected); 
 "Offeror"                   Abdallah Chatila, the person 
                              who made the Offer; 
 "Offeror Concert            Abdallah Chatila, Evermay Global 
  Parties"                    Inc. and Pavlo Protopapa; 
 "Restricted Jurisdiction"   the United States, Australia, 
                              Canada, New Zealand, the Republic 
                              of South Africa, Japan and 
                              any other jurisdiction in respect 
                              of which the making of the 
                              Offer, directly or indirectly, 
                              in, into or from, such jurisdiction 
                              would constitute a violation 
                              of the laws of such jurisdiction; 
 "United Kingdom"            the United Kingdom of Great 
                              Britain and Northern Ireland; 
 "United States"             the United States of America, 
                              its territories and possessions, 
                              any State of the United States 
                              and the District of Columbia, 
                              and all other areas subject 
                              to its jurisdiction. 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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