TORONTO, March 21, 2013 /CNW/ - 0955662 BC Ltd. (the "Offeror"), a company owned by Plantro Ltd. and Seastone Investments Limited, announced that its take-over bid for common shares (the "Common Shares") of OneMove Technologies Inc. ("OneMove") expired today at 5:00 pm EST and that it will not be further extending its offer (the "Offer"). During the last extension of the Offer, an additional 285,743 Common Shares were deposited under the Offer. Following the take up and payment of these Common Shares, and including Common Shares previously taken up under the Offer, the Offeror, together with its affiliates and joint actors (including Plantro Ltd. and Seastone Investments Limited), will own 10,802,480 Common Shares, representing approximately 85.71% of the outstanding Common Shares.
The Offeror is evaluating its options to acquire the remaining Common Shares not tendered to the Offer pursuant to a subsequent acquisition transaction and may call a meeting of shareholders to consider such a transaction.
SOURCE: Plantro Ltd.