First Capital Holdings says it has noted unusual trading in the shares of the Company on July 24, 2019 and has been further informed that there is market speculation of a possible acquisition of First Capital Holdings (‘the Company’).
The Board of Directors of Dunamis Capital PLC, as the controlling shareholder of First Capital Holdings PLC, wish to state that it is engaged in the preliminary stages of exclusive discussions with a prospective investor for an investment in shares of the Company.
The Board strongly emphasizes that the discussions are at a preliminary stage. Any final decision to proceed with the transaction will be subject to several conditions. These include, the prospective investor completing a satisfactory due diligence; obtaining corporate approvals; and, being able to arrange financing for the purchase. Hence, and particularly in view of the uncertainty of the third condition, the disclosure of any information would have been premature.
The Board will keep shareholders and the public informed of any developments if there is any substantial progress to the discussions.
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