TORONTO, Feb. 22, 2013 /CNW/ - 0955662 B.C. Ltd. (the "Offeror"), a wholly-owned subsidiary of Plantro Ltd., is pleased to announce
that 6,068,449 common shares (the "Common Shares") of OneMove Technologies Inc. ("OneMove") have been deposited to its take-over bid (the "Offer"). The Common Shares deposited to the Offer represent approximately
48.5% of the issued and outstanding Common Shares as of February 21,
All of the conditions to the Offer have been satisfied and, accordingly,
the Offeror has taken up all Common Shares deposited to the Offer as of
Following the take up and payment of Common Shares deposited to the
Offer to date, the Offeror, together with its affiliates and joint
actors (including Plantro Ltd. and Seastone Investments Limited), will
own 9,049,149 Common Shares, representing approximately 72.4% of the
outstanding Common Shares.
By notice to the depositary on February 21, 2013, the Offeror has
extended the expiration date of the Offer to 5:00 p.m. (Eastern
Standard Time) on March 8, 2013 in order to permit shareholders that
have not tendered their Common Shares an opportunity to do so.
About the Offer
The details of the Offer are contained in the take-over bid circular of
the Offeror dated January 17, 2013. The take-over bid circular and
related documents have been filed under OneMove's profile on SEDAR at www.sedar.com. The board of directors of OneMove, upon the unanimous recommendation
of the special committee of the board of directors, has unanimously
recommended (with those directors who are nominees of the Offeror and
its affiliates abstaining) that Shareholders accept the offer and
deposit their Common Shares to the Offer.
The Offeror is preparing a notice of variation and extension to be sent
to shareholders of OneMove regarding the extension of the expiration
date of the Offer. The notice of variation and extension will also be
available under OneMove's profile on SEDAR once filed, which the
Offeror expects to do in short order.
OneMove shareholders may obtain a copy of the take-over bid circular,
letter of transmittal and notice of guaranteed delivery from the SEDAR
website at www.sedar.com or from the depositary for the offer, Equity Financial Trust Company,
who may be contacted toll free at 1-866-393-4891 or by email at firstname.lastname@example.org.
SOURCE: Plantro Ltd.