Eredene Capital PLC Result of Tender Offer (7207Y)
03 12월 2014 - 7:36PM
UK Regulatory
TIDMERE
RNS Number : 7207Y
Eredene Capital PLC
03 December 2014
3 December 2014
Eredene Capital PLC
("Eredene" or the "Company")
Result of Tender Offer
Further to the Tender Offer announced on 3 November 2014, the
directors of the Company are pleased to announce that a total of
193,828,594 shares were tendered under the Tender Offer. As a
result, the Basic Entitlement of all Shareholders who have validly
tendered their shares will be accepted in full and excess tenders
will be satisfied to the extent of approximately 0.325495 per cent.
of the excess shares tendered. Therefore 29,538,745 shares will be
repurchased at 10 pence per share by the Company under the Tender
Offer and subsequently cancelled.
Payment of the consideration due to Shareholders whose tenders
under the Tender Offer have been accepted is expected to be
despatched (by cheque or by a CREST payment, as appropriate) on 4
December 2014. Balance certificates will be despatched in respect
of non-tendered shares in the week commencing 8 December 2014.
Following the implementation of the Tender Offer and the
cancellation, the Company will have 216,617,465 Shares in
issue.
Cancellation
Following the approval of the proposed Cancellation by
shareholders at the General Meeting, application has been made to
the London Stock Exchange for the admission to trading on AIM of
the Ordinary Shares to be cancelled and Cancellation is expected to
take effect at 7.00 a.m. on 11 December 2014.
Terms used in this announcement shall, unless the context
otherwise requires, bear the meaning given to them in the
Circular.
All references to time in this announcement are to UK time.
Capitalised terms in this announcement (unless otherwise defined)
have the same meanings as set out in the Circular.
Enquiries:
Ocean Dial Asset Management Limited (Investment Manager & Administrator)
David Cornell
Robin Sellers
Tel: +44 20 7802 8900
Grant Thornton UK LLP (Nominated Adviser)
Philip Secrett
Jen Clarke
Jamie Barklem
Tel: +44 20 7383 5100
Numis Securities Limited (Broker)
David Benda
Hugh Jonathan
Tel: +44 20 7260 1000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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