Plan of Merger Agreement
The company under the trade name “JUMBO SOCIETE ANONYME” announces to the public that, in the context of the on going process of the merger by absorption of “TANOCERIAN COMMERCIAL AND INVESTMENT S.A.”, the Plan of Merger Agreement dated 05/04/2016 was registered today in the General Commercial Registry of the Ministry of Economy, Development and Tourism.
Pursuant to the above Plan of Merger Agreement , the proposal of the boards of directors of the above merging companies to the general meetings of the shareholders, with respect to the share exchange ratio between them, is that the shareholders of “TANOCERIAN COMMERCIAL AND INVESTMENT S.A.” will exchange one (1) share of “TANOCERIAN COMMERCIAL AND INVESTMENT S.A.” they hold for 202,1918131256950 new shares of “JUMBO SOCIETE ANONYME” and the latter’s shareholders will keep the same number of shares they hold.
The above are subject to the approval by the General Meetings of the shareholders of both companies, anticipated to take place within May 2016 and the fulfillment of all legal formalities.
Pursuant to the above Plan of Merger Agreement , the proposal of the boards of directors of the above merging companies to the general meetings of the shareholders, with respect to the share exchange ratio between them, is that the shareholders of “TANOCERIAN COMMERCIAL AND INVESTMENT S.A.” will exchange one (1) share of “TANOCERIAN COMMERCIAL AND INVESTMENT S.A.” they hold for 202,1918131256950 new shares of “JUMBO SOCIETE ANONYME” and the latter’s shareholders will keep the same number of shares they hold.
The above are subject to the approval by the General Meetings of the shareholders of both companies, anticipated to take place within May 2016 and the fulfillment of all legal formalities.