On 3 July 2018, the board of Mahogany Bidco Limited ("Stafford Bidco"), a company wholly owned by Stafford International Timberland Fund VIII and ultimately controlled by Stafford Capital Partners (“Stafford”), announced an all-cash offer for Phaunos Timber Fund Limited (now named Phaunos Timber Limited or “Phaunos”). On 18 October 2018 Stafford Bidco announced that the Final Offer had become wholly unconditional, closing on 1 November 2018.
Having received acceptances of the Final Offer in respect of not less than 90 per cent in value of the Phaunos Shares and following completion by Stafford Bidco of the compulsory acquisition procedure under Part XVIII of the Companies (Guernsey Law) 2008 to acquire the outstanding ordinary shares in Phaunos not assented into the offer by Stafford Bidco for Phaunos, former Phaunos shareholders whose ordinary shares were compulsorily acquired are reminded that, in order to receive the consideration due to them, they must apply in writing for such consideration by post to, or by hand (during normal business hours only) at, Link Asset Services at The Registry, 34 Beckenham Road, Beckenham, Kent BR3 and must provide satisfactory evidence to Link Asset Services of their entitlement to such consideration.
Link Asset Services can also be contacted by email at email@example.com for any questions or assistance.
For further details on Stafford Capital Partners and the Stafford Bidco offer for Phaunos please visit https://www.staffordcp.com/offer-disclaimer