Accordingly, as a result of proration, SIR expects that a CCIT
stockholder that elected to have all of its CCIT
shares exchanged for cash will receive cash consideration in exchange for approximately 80% of such stockholder's shares and the balance will be exchanged for newly issued common shares of SIR.
The partnership meeting was crowned by the signing of a twinning agreement between the ICC and CCIT
Fes Meknes following the protocol signed between the two parties in 2006 which stipulates the exchange of economic and commercial information as well as all legislation relating to trade.
Also, the company has been advised that CCIT
shareholders also voted to approve its merger under the definitive agreement dated 30 August 2014, at a separate special meeting held earlier on 28 January 2015.
SIR said it has been advised that, at a separate special meeting, CCIT
shareholders also voted to approve CCIT
's merger with SIR's wholly owned subsidiary.
For his part, CCIT
chairman affirmed the importance of strengthening cooperation between businessmen of the two countries.
President and Vice-Chair of CPCCAF's North Africa bureau, Mounir Mouakhar, said that "Africa's economic development can only be achieved through the digital and the challenge is to develop its own economic ecosystem.
s shareholders have approved the proposal related to the merger of CCIT
with and into a wholly owned subsidiary of Select Income REIT under merger agreement dated 30 August 2014, the company said on Tuesday.
He said that an agreed CCIT
text was before a UN committee.
Ibrahima Kassory Fofana is leading a Guinean delegation on a visit to Tunisia, as part of his country's participation in the African ICT exhibition "SITIC AFRICA 2016", inaugurated on Tuesday at El Kram Exhibition Park (north suburb of Tunis), on the theme "Tunisian-African partnership in ICT," said the CCIT