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"I have acquired additional shares in WBAH at pounds 80 per share and under the Takeover Code, because of the size of my pre-existing shareholding, my purchase has triggered a requirement to make cash offers based on the same price for the outstanding shares in both WBAH and West Bromwich Albion Ltd," Peace said in a statement.
"WBAH has a large number of small shareholders who have had no formal mechanism to realise value for their shares following the closure of the share-dealing facility in December 2006.
WBAH has since acquired a further 905 shares from 130 shareholders, taking its total stake in West Bromwich Albion (Group) to 76.4 per cent.
Susan Brice of Arbuthnot Securities provided advice to WBAH.
"The overall objective in the ASCIRT program is to work with Aboriginal communities to establish community response teams that would address the issue of suicide," said Deb Canada, WBAHS executive director.
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