Batoka Energy Holdings announcement of the terms of the Mandatory Offer to the minority shareholders of Copperbelt Energy Corporation PLC (“CEC”)
Terms of the Offer On 25 March 2014, Batoka Ireland submitted a cash offer to the Board of directors of CEC to purchase up to 780,000,597 shares of CEC from the minority shareholders of CEC, representing 48% shareholding in the Company (the “Offer”), at a price per share ex dividend of K0.6746 (the “Offer price”) to be settled at the close of the Offer period. The Offer price of K0.6746 per share is the price at which Batoka Ireland acquired its indirect interest in CEC from the ZECL Minority Shareholders.
Michael Tarney interview on CNBC Africa: CEC Rights Offer
“We continue to deliver value for our shareholders so that our investors can earn a healthy return on their investment.
Hanson Sindowe, Executive Chairman
We currently operate or have interests in the countries highlighted in the map below:
a leading corporate ISP
A joint venture between CEC’s telecoms division (CEC Liquid Telecom) and Realtime Technology Alliance Africa (RTAA), Realtime provides high speed Internet services and private leased circuits using fibre optic technology.
CEC’s corporate development team is focused on identifying and developing projects, both in Zambia and in sub-Saharan Africa that will lead to income diversification and sustainable long term earnings growth for the Group.
CEC Liquid Telecom is the preferred wholesale broadband connectivity telecommunications company, both at national level and regionally. It is a joint venture company of CEC and Liquid Telecommunications of Mauritius.