Sparks commentary - Ocean Wilsons Holdings

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Sparks - Ocean Wilsons Holdings

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Ocean Wilsons (LSE: OCN) – Recommended all-share combination
Published by Andy Murphy

The boards of Ocean Wilsons and Hansa Investment Company have agreed to an all-share combination of the two companies, which will create an investment company with net assets in excess of £900m. Under the scheme, each Ocean Wilsons share will receive 1.4925 new Hansa share units. This will consist of one voting new Hansa ordinary share and two non-voting new Hansa ‘A’ ordinary shares. Following the completion, Oceans Wilsons shareholders will hold c 41.4% of the issued share capital of the combined group.

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