GraceKennedy Ltd (GK) – Cash Offer to Purchase 313,191,734 Ordinary Stock Units in Key Insurance Company Limited

Posted: February 17, 2020 at 6:24 pm

GraceKennedy Limited’s Extension of Closing Date Offer to Shareholders of Key Insurance Company Limited.

GraceKennedy Limited (GK) has advised that following their offer, which opened on January 27, 2020 and scheduled to close by 4:30 p.m.on February 12, 2020,  that:

“Unfortunately, to date, the Directors’ Circular has not been circulated to the shareholders in response to our Takeover Bid Circular dated January 20.2020. Accordingly, upon the request of the Board of Directors, we have decided to exercise our discretion to extend the offer period to ensure that the shareholders have the opportunity to receive all the information necessary to make an informed decision.

“We, therefore, write to advise that the Closing Date of the offer has been extended from 4:30 pm on February 17, 2020 to 4:30 pm on March 2, 2020.”

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