June 18 (Reuters) - CBG Capital Ltd (CBC) :
- RECEIVED A PROPOSAL FROM CLIME CAPITAL UNDER WHICH IT IS PROPOSED THAT CAM WILL MERGE WITH CBG
- PROPOSED MERGER VIA SCRIP-FOR-SCRIP OFF-MARKET CONDITIONAL TAKEOVER BID FOR ALL ISSUED SHARES OF CBG THAT CAM DOES NOT PRESENTLY OWN
- UNDER OFFER CBG SHAREHOLDERS TO RECEIVE 0.8441 ORDINARY SHARES IN CAM PLUS 0.2740 CONVERTIBLE NOTES ISSUED BY CAM FOR EVERY CBG SHARE
- INDEPENDENT DIRECTORS UNANIMOUSLY RECOMMEND THAT CBG SHAREHOLDERS ACCEPT OFFER IN ABSENCE OF A SUPERIOR PROPOSAL
