Softlogic-Holdings-Limited

Softlogic-Holdings-Limited

The Softlogic Capital Limited made a Mandatory offer to Purchase all Remaining Issued Ordinary Shares of Asian Alliance Insurance PLC at the Price of Rs.120.00 each.

The Softlogic Capital Limited acquires 19,125,000 (51%) of Ordinary Voting Shares of the Asian Alliance Insurance PLC at the Consideration of Rs. 120.00 per Share. Further the Softlogic Holdings Limited acquires the 8,449,416 Ordinary Shares of Asian Alliance Insurance PLC on 12th August 2011.

Therefore, Softlogic Capital Limited acting in concert with Softlogic Holdings Limited own 73.53% of Asian Alliance Insurance PLC.

Therefore the Softlogic Capital Limited made a Mandatory offer to buy the Remaining shares of 9,925,584 at the price of Rs.120.00 each.

Capital Structure of Asian Alliance Insurance PLC,

Parties

No of Shares

Percentages

Softlogic Capital Limited

19125000

51%

 
Softlogic Holdings Limited

8,448,416

22.53%

 
Remain Shares

9225584

26.47%

 
Total No of Shares

36,799,000

100%

 

 




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