International Finance Corporation Purchases Shares of Lydian International Ltd.
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 12/19/11 -- International Finance Corporation ("IFC") announces that it has purchased an aggregate of 4,000,000 ordinary shares of Lydian International Ltd. ("Lydian") at a price of GBP 0.3125 (approximately CDN$0.50) per share for gross proceeds of GBP 1,250,000 (approximately CDN$2,006,600). The shares were purchased pursuant to the terms of an option granted by Lydian to IFC pursuant to an investor rights and shareholders' agreement (the "Agreement") dated July 27, 2007 and a related novation agreement between the Lydian and IFC.
IFC, an insider of the Lydian, held 13,075,613 ordinary shares and 7,311,758 ordinary share purchase warrants/options, representing approximately 13.1% on a non diluted basis and 19.0% on a fully diluted basis, of the ordinary shares currently outstanding prior to the share purchase, and now holds 17,075,613 ordinary shares and 3,311,758 ordinary share purchase warrants, representing approximately 16.4% on a non diluted basis and 19.0% on a fully diluted basis, of the ordinary shares outstanding.
IFC acquired the above-noted ordinary shares of Lydian for investment purposes and it may, depending on market and other conditions, increase its beneficial ownership, control or direction over the ordinary shares or other securities of Lydian, through market transactions, private agreements, treasury issuances, exercise of convertible securities or otherwise.
The securities will be distributed to IFC pursuant to an exemption from prospectus requirements as set out in Section 2.10 of National Instrument 45-102 Prospectus and Registration Exemptions.
About IFC
IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, providing advisory services to businesses and governments, and mobilizing capital in the international financial markets. In fiscal 2011, amid economic uncertainty across the globe, we helped our clients create jobs, strengthen environmental performance, and contribute to their local communities-all while driving our investments to an all-time high of nearly $19 billion. For more information, visit .
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International Finance Corporation
Josef Skoldeberg
+1 202 473 6978
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Datum: 19.12.2011 - 09:59 Uhr
Sprache: Deutsch
News-ID 1067267
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