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12/17/2014

Atlas Mara specifies squeeze-out price for ADC
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11/20/2014

ADC successfully exits Resolution Health East Africa Limited ++ Exit in-line with ADCs strategic focus on banking ++ LeapFrog becomes key shareholder
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11/17/2014

CEO and Founder Dirk Harbecke leaves ADC after seven successful years of building and running the sub-Saharan African financial services group
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09/25/2014

ADC reports half-year 2014 results
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09/08/2014

Atlas Mara formally requests squeeze-out in ADC
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08/22/2014

Atlas Mara completes acquisition of ADC ++ Readmission to trading of Atlas Mara on 27 August 2014
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08/07/2014

ADCs banking investment, Union Bank of Nigeria (UBN), reports half-year 2014 results ++ 55% year-on-year loan book growth in core bank ++ Transformation on track delivering improvement in bank performance
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08/06/2014

Over 95% of ADC shareholders accept the Atlas Mara offer ++ ADC and Atlas Mara in top position to realize joint vision of a premier sub-Saharan financial services group
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07/09/2014

ADC supports the voluntary public exchange offer by Atlas Mara ++ Management and Supervisory Board consider it financially fair and recommend acceptance
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07/03/2014

Atlas Mara publishes offer to ADC Shareholders ++ Atlas Mara makes a share-for-share offer to ADC Shareholders at 1.25 Atlas Mara shares for each ADC share, which equates to EUR 10.45 per ADC share ++ ADC will issue a reasoned statement within 14 days
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06/02/2014

ADC further streamlines its private equity portfolio ++ ADC successfully sells RSwitch to Millicom
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05/26/2014

ADC reports Q1 2014 results ++ Combination offer from Atlas Mara expected by mid-June
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05/07/2014

ADC's banking investment, Union Bank of Nigeria (UBN), reports continued profitability in Q1 2014 ++ Core banking activity emphasized with divestment of four non-core subsidiaries
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04/29/2014

ADC's banking investment, Union Bank of Nigeria (UBN), reports full year 2013 results ++ 53% loan book growth mainly in corporate banking ++ Operational transformation on track with advances in personnel, operations and infrastructure reform ++ On-going sale of non-core subsidiaries to focus on core banking platform, boost capital position and clean-up legacy assets
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03/31/2014

ADC attracts combination offer from Atlas Mara Co-Nvest ++ Atlas Mara intends to make a share swap of 1.25x Atlas Mara shares for each ADC share ++ Opportunity to further accelerate ADCs pan-African vision
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03/28/2014

ADC achieves impressive turnaround in 2013 ++ Results significantly exceed latest profit forecast ++ Efficiency notably increased with room for further improvement
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03/26/2014

ADC's subsidiary, BancABC reports 2013 results ++ Total income grew by 26% and pre-tax profits by 20% ++ Cost-to-income ratio decreased by 5 percentage points
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01/27/2014

ADC increases control in BancABC through mandatory offer ++ Low uptake in-line with expectations ++ Minority shareholders consider banking group undervalued
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12/13/2013

ADC launches mandatory offer for all outstanding BancABC shares ++ Increased representation through pooling agreements will firm-up control ++ Financed by ADCs largest shareholder and partner, Trafigura
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11/29/2013

ADC's nine-months 2013 results underline positive effect of transformation ++ Selected as a World Economic Forum Global Growth Company
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11/01/2013

ADC's banking investment, Union Bank of Nigeria (UBN), reports Q3 2013 results ++ 18% loan book growth in the high quality corporate sector ++ On-going transformation picks up momentum ++ UBN exiting non-core subsidiaries with focus on core banking
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08/30/2013

ADC achieves strong half-year 2013 results ++ Profit before tax of EUR 11.9 million largely driven by substantial growth in retail banking ++ Strong growth momentum indicates favorable second half-year
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08/15/2013

ADC's AGM resolved to further strengthen Supervisory Board ++ Impact of ADC's strategic direction gains traction with BancABC half-year 2013 profit almost equal to full-year 2012 results ++ UBN reports increasing half-year profit
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07/30/2013

ADC announces a ten percent capital increase from authorized capital ++ Strategic investor signs private placement
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07/26/2013

ADC: Transformation into stock corporation (AG) completed ++ Commencement of trading in the Entry Standard of the Frankfurt Stock Exchange
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07/10/2013

ADC's Q1 2013 results show significant growth ++ Profit before tax of EUR 10.7 million driven by growth in banking operations ++ Strong financial forecast for 2013
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06/20/2013

ADCs 2012 results driven by consolidation of BancABC, increasing the balance sheet to EUR 1.4 billion ++ ADC proposes capital increase to implement expansion plans ++ Strengthening of Supervisory Board through nomination of Arnold Ekpe, Verna Eggleston and Oltmann Siemens as additional members
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06/14/2013

ADCs banking investment in Nigeria, Union Bank of Nigeria (UBN) reports sustained profitability in Q1 2013 ++ Group net profit grew 49% ++ Transformation remains on track
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05/29/2013

ADCs subsidiary, BancABC, strengthens its equity position ++ ADCs pooling agreements with aligned investors guarantee control in BancABC ++ ADC initiates takeover offer for BancABC ++ Application as a stock corporation (AG) for listing in the Entry Standard of the Frankfurt Stock Exchange
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05/15/2013

ADC further streamlines its portfolio with the successful exit of its non-core investment in BANGE yielding high returns ++ The bank was sold for EUR 9.0 million to co-shareholders ++ A gross IRR of 34% and a 3.4x multiple was realized
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04/30/2013

ADCs banking investment in Nigeria reports turnaround in 2012 ++ Operating income of Union Bank of Nigeria grew 85% ++ Customer deposits increased by 21%
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03/28/2013

ADC's subsidiary, BancABC reports outstanding 2012 results++Total income grew by 65% and pre-tax profits by 97%++ADC to benefit from impressive results through consolidation
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01/18/2013

ADCs Extraordinary General Meeting has resolved the transformation of the legal form into a stock corporate (AG) ++ Alastair Newton has been elected Chairman of the Supervisory Board ++ Dirk Harbecke has been named as sole Vorstand of the AG
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11/29/2012

ADC publishes third quarter 2012 results ++ Strong increase in revenues from dividends and advisory activities ++ Guida nce for the fiscal year 2012 adjusted
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11/02/2012

ADC plans a change in its legal form to a classic stock corporation (AG) ++ Takeover offer to acquire the General Partner submitted by ADC, herewith eliminating the fee structure ++ Co-CEO Jyrki Koskelo to be nominated for election as new Supervisory Board member at the General Meeting
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10/09/2012

ADCs investment, Union Bank of Nigeria (UBN), announces positive first half year 2012 results ++ ADC increases its representation in UBN
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08/29/2012

ADC plans further increase of stakes in core banking assets ++ Half-year 2012 results in line with expectations
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08/15/2012

ADCs associate, BancABC reports very strong half-year results
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08/14/2012

ADC takes over majority of BancABC ++ Suspension of share buyback program
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08/06/2012

ADCs newest investment, Union Bank Nigeria, reports a EUR 30 million net profit in Q1 2012 ++ Douglas Munatsi installed as ADC board representative
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07/26/2012

Resolution Health awarded Medical Insurance Provider of the Year 2012
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06/28/2012

ADC enters Nigerian financial services sector ++ ADC finalizes all-equity recapitalization of Union Bank of Nigeria representing a USD 55 million investment
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06/22/2012

ADC successfully places EUR 40m bonds with warrants attached
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05/31/2012

ADC publishes Q1 Report 2012
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05/14/2012

Rights offering for ADC bond with warrants attached 2012/2015 to commence today ++ Financing of further growth with the aim of becoming one of the leading pan-African banking groups
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05/04/2012

Rights offer on bonds 2012/2015 to commence in calendar week 19 ++ Details on exercising rights to be provided by custodian banks
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04/17/2012

ADC plans to issue a bond with warrants attached in the volume of up to EUR 40 million to finance further acquisitions ++ Bond issuance committed by ADCs key shareholders
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04/17/2012

ADC publishes Annual Report 2011 ++ EUR 0.5 million upwards revision of net profit compared to preliminary results ++ Net profit of EUR 8.7 million
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03/28/2012

ADC accelerates execution of its strategy to build a leading pan-African Banking Group within the next 3-5 years ++ Investment focus shifting from minorities to majorities ++ Management strengthened: Jyrki Koskelo, former IFC Vice President Global and George Manyere, CEO of Brainworks Capital Management and ex-IFC joins ADC operating ma-nagement team, and Pierre Lorinet, CFO of Trafigura joins ADC Supervisory Board to facilitate the expansive growth strategy
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03/01/2012

ADC reports excellent preliminary results for financial year 2011++ Net profit of EUR 8.2 million ++ Shareholders equity grew to EUR 87.9 million, an increase of 33% over year-end 2010 ++ Webcast to discuss results scheduled for 3 pm CET today
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02/27/2012

ADC will release the preliminary 2011 financial results on Thursday, 1st March 2012 ++ ADC will host an audio webcast to discuss its financial results on same day at 3pm CET (2pm GMT / 9am EST / 4pm SAST)
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02/20/2012

Ad-hoc: ADC African Development Corporation launches share buyback program
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02/10/2012

ADC publishes February edition of its monthly letter to the shareholders ++ Sale of Ecobank Zimbabwe contributes EUR 2.75 mio. to year end results ++ Major shareholder Trafigura increases its stake to above 25% ++ Increase of ADCs stake in RSwitch to 88.5% due to conversion of loans into equity ++ Advisory business starts creating additional earnings ++ Very positive outlook for 2012
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01/09/2012

ADC exits shareholding in Ecobank Zimbabwe ++ Realized profit of EUR 2.75 million ++ Participation of ADC in Brainworks Capital, a Zimbabwean holding fo-cusing on banking and on the fast growing Zimbabwean market
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12/23/2011

ADC successfully places a capital increase against cash contributions of 764,614 shares with existing shareholders and selected new institutional investors ++ Cash proceeds of about EUR 9.2 million for further acquisitions
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12/20/2011

ADC publishes December edition of its monthly letter to the shareholders ++ Deadline of the capital increase this Thursday ++ Guidance increased for 2012
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12/07/2011

Ad-hoc: ADC announces capital increase from authorized capital of up to 764,614 shares ++ Financing of two further pipeline deals to ensure continued growth
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11/18/2011

ADC publishes stable results for the quarter and Q3 Report ++ Net profit of EUR 2.9 million in Q3 ++ First dividend payments by bank in Equatorial Guinea in its history ++ Investment in BancABC main contributor to quarterly profits
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11/15/2011

ADC publishes November issue of its monthly letter to the shareholders
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10/11/2011

ADC publishes October issue of its monthly letter to the shareholders
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09/07/2011

ADC publishes its monthly letter to the shareholders
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08/23/2011

ADC publishes quarterly report for Q2 2011
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08/11/2011

ADC publishes excellent results for Q2 2011 ++ Net profit of EUR 3.2 million ++ Outlook very positive and guidance for the full-year confirmed
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08/08/2011

ADC publishes its monthly letter to the shareholders
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07/08/2011

ADCs portfolio company BancABC secures USD 50 million trade finance credit line from African Export–Import Bank ++ Funding will accelerate growth
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05/31/2011

Roland Berger and ADC African Development Corporation (ADC) launch scholarship program in Africa with the Lagos Business School
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05/26/2011

ADC publishes quarterly report for Q1 2011 ++ First quarter of 2011 saw the acquisition of a major banking group and in-creased portfolio and pipeline development activity ++ Further bank investments in key growth markets in West and East Africa expected
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05/23/2011

ADC moves to Prime Standard on 27 May 2011
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03/31/2011

Strong year 2010 in every aspect ++ Net profit EUR 6.6 million ++ Total assets grew to EUR 71 million, an increase of 237% compared to the year end 2009 assets
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03/17/2011

ADC African Development Corporation will release the full year 2010 financial results on Thursday, 31 March 2011 at approximately 10:00 CET ++ ADC will host an audio webcast to discuss its financial results on same day at 14:00 CET
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03/15/2011

ADC African Development Corporation acquires a 20% strategic share-holding in ABC Holdings Limited (BancABC) ++ Significant synergy potential ++ Attractive purchase price ++ Expansion of ADC banking network in four new countries
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02/10/2011

ADC African Development Corporation continues successful growth strategy of banking operations in Zimbabwe ++ Premier Finance Group re-branded to Ecobank Zimbabwe
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01/13/2011

ADC African Development Corporation invests in a leading Kenyan health insurer ++ Acquisition of a 25 per cent stakeholding in Resolution Health East Africa ++ Kenyan health insurance market growing dynamically ++ ADCs insurance division to be expanded
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12/14/2010

Successful start for ADC on the Frankfurt Stock Exchange ++ Shares at EUR 12.10 significantly over the initial offering price ++ Changeover to the Prime Standard in the first six months of 2011
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12/13/2010

ADC African Development Corporation places EUR 43 million in IPO ++ Initial listing planned for 14 December 2010 ++ Shares placed exclusively with domestic and foreign institutional investors
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02/18/2010

ADC planning a share capital increase
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12/11/2009

ADC invests into Zimbabwean bank Premier Finance Group Limited
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08/07/2009

ADC announces successful exit from investment in Banque Rwandaise de Dveloppement
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07/28/2009

ADC African Development Corporation launches joint venture focusing on water treatment in Sub-Saharan Africa
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02/10/2009

World Bank subsidiary MIGA signs heretofore unique agreement with ADC African Development Corporation, an investment team of the Altira Group
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02/05/2009

MIGA and the African Development Corporation Innovate to Drive Emerging Market Investment
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Topics: Investor Information