1. NTHC, the Managers of the Cocoa Processing Company Limited (CPC) Public Offer for Sale (Offer) is pleased to announce the results of a very successful offer as per the summary attached.
2. The Offer which ran from September 17 – November 22, 2002, involved 215368,750 ordinary shares of no par value at ?1000 per share.
3. In the course of the Offer extensive consultations were held by key stakeholders with a view to maximising investors’ interest by granting a discount on the offer price of ?625 per share.
The major reasons for doing so at the end of the Offer are:
(i) the GSE ‘s reservation about introducing differential pricing in the course of the Offer, such as the Special Offer, such as the Sperial Price given to Cocoa Farmers, and
(ii) to take into consideration the market’s sentiments about the pricing.
5. The discounted price has been granted to all applicants under the Offer except allocations under the CPC Staff Offer (which was disclosed under section 2.3, page 5 of the Offer).
6. In summary, the Offer statistics are restated as follows:
Source: GhanaWeb
