Tuesday, February 5, 2013

YHM/ Ezion

YHM/ Ezion: The 7.5% drop in the counter today probably reflects the previous optimism by the market that a higher offer will be made on YHM, by Ezion. The previous offer was 0.18cts per share. The mandatory conditional cash offer by Ezion closed yesterday, with the resultant shareholding held by Ezion represents 49.84% of the total issued shares. As stated in the Offer Document, the Offer is conditional upon the Offeror having received valid acceptances resulting in the Offeror holding such number of Shares carrying more than 50%. The above condition of the Offer has not been fulfilled and as a result, the Offer has therefore lapsed.

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