Jan 2017 Financial News

Notice to TCL Shareholders

Jan 24, 2017

TAKE-OVER BID BY SIERRA TRADING DATED 6TH  DECEMBER 2016 AS AMENDED ON 9TH JANUARY 2017 (the "Amended Offer'')

BEST AND FINAL PRICE OF TT$5.07 PER TCL SHARE

NOTE: Acceptances of the Amended Offer should be submitted prior to the Closing Date to your Broker or to Republic Securities whose contact information is set out below.

Closing Date for Acceptances: 24th of January, 2017.

The Revised Offer Price: A final price of TT$5.07 per share. The Offer Price represents a 50% premium over the share price for TCL Shares trading as of 1st December, 2016 on the Trinidad and Tobago Stock Exchange.

US$ Option: US$0.76 per share

Payment Date: 3rd February, 2017

Other Terms: Please read the Offer Document carefully for the full terms and conditions.

Disclosures: The following documents referred to in Appendix 9 of the Offer Document are available from Republic Securities as well as on their website https://rsltt.com and at all branches of Republic Bank:

• Formal valuation of TCL  by  Galaz, Yamazaki Ruiz Urquiza, S.C. (Deloitte Mexico)
• the Deloitte Mexico Consent; and
• the Availability of Funds Letter from Cemex.

This Notice will be delivered to Trinidad Cement Limited and lodged with the Trinidad and Tobago Securities Commission and the Trinidad and Tobago Stock Exchange in accordance with the Securities Laws of Trinidad and Tobago.

Any questions or requests for assistance may be directed to:

Republic Securities Limited, 2nd Floor, Promenade Centre, 72 Independence Square
Port of Spain            Tel:(868) 623-0435/6/8/9            Email: rslinfo@republictt.com
 

Source:
Trinidad Guardian, B16
Tuesday January 24, 2017