GME Global Marine

RNS Number:9554J
Fairfax I.S. PLC
14 December 2007


Global Marine Energy plc

14th December 2007


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR
FROM AUSTRALIA, CANADA, JAPAN, THE UNITED STATES, OR ANY OTHER JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE LAWS OF THE RELEVANT
JURISDICTION


FOR IMMEDIATE RELEASE


                             RECOMMENDED CASH OFFER

                                      FOR

                        GLOBAL MARINE ENERGY plc ("GME")

                                       BY

                   EMER INTERNATIONAL GROUP LIMITED ("EMER")



EMER announced on 16th November that the posting of its offer document had been
delayed until nearer the date of the general meeting of EMER required to approve
the offer. Since then, EMER and its advisers have been in discussions with the
Hong Kong Stock Exchange regarding proposed waivers of certain of the Exchange's
requirements in relation to the contents of the circular to convene the EMER
general meeting. Unfortunately, it has not proved possible to obtain the waivers
which EMER was seeking. EMER has also been working with GME and various advisers
to EMER and GME in relation to the production of information required for the
circular.


EMER now expects to hold its general meeting to approve the acquisition by the
third week in March 2008. EMER will continue to work with all parties to bring
this date forward. In view of the need to ensure that EMER's offer is capable of
becoming wholly unconditional within the timetable set out in Rule 31.7 of the
Takeover Code, the offer document will only be posted on or shortly after the
day 42 days prior to the date of the EMER General Meeting. Assuming a meeting on
17th March 2008 the posting date would therefore be on or shortly after 4th
February.


EMER remains fully committed to the GME offer.



Contact:


Fairfax I.S. PLC (advisors to EMER)
Omar Bayoumi /Simon Stevens:               +44 (0)20 7598 5368


Fairfax I.S. PLC which is authorised and regulated in the United Kingdom by the
Financial Services Authority for investment business, is acting exclusively for
EMER and for no-one else in relation to the proposed Offer and is not acting for
any other person in relation to the proposed Offer. Fairfax will not be
responsible to anyone other than EMER for providing the protections afforded to
its clients or for providing advice in relation to the proposed Offer, the
contents of this announcement or any offer or arrangement referred in this
announcement.


Dealing disclosure requirements


Under the provisions of Rule 8.3 of the Code, if any person is, or becomes,
"interested" (directly or indirectly) in one per cent or more of any class of
"relevant securities" of GME, all "dealings" in any "relevant securities" of GME
(including by means of an option in respect of, or a derivative referenced to,
any such "relevant securities") must be publicly disclosed by no later than 3.30
p.m. (London time) on the business day following the date of the relevant
transaction. This requirement will continue until the date on which the Offer
becomes, or is declared, unconditional as to acceptance, lapses or is otherwise
withdrawn or on which the "Offer Period" otherwise ends. If two or more persons
act together pursuant to an agreement or understanding, whether formal or
informal, to acquire an "interest" in "relevant securities" of GME they will be
deemed to be a single person for the purpose of Rule 8.3 of the Code.


Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant
securities" of GME by EMER or GME or by any of their respective "associates"
must be disclosed by no later than noon (London time) on the business day
following the date of the relevant transaction.


A disclosure table, giving details of the companies in whose "relevant
securities" "dealings" should be disclosed, and the number of such securities in
issue, can be found on the Panel's website at www.thetakeoverpanel.org.uk.


"Interests in securities" arise, in summary, when a person has long economic
exposure, whether conditional or absolute, to changes in the price of
securities. In particular, a person will be treated as having an "interest" by
virtue of the ownership or control of securities, or by virtue of any option in
respect of, or derivative referenced to, securities.


Terms in quotation marks in the preceding paragraphs under the heading "Dealing
disclosure requirements" are defined in the Code, which can also be found on the
Panel's website. If you are in any doubt as to whether or not you are required
to disclose a "dealing" under Rule 8 of the Code, you should consult the Panel.


This announcement is not intended to and does not constitute, or form any part
of, an offer or an invitation to purchase or sell any securities or the
solicitation of an offer to purchase any securities in any jurisdiction pursuant
to the Offer or otherwise.




                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
OUPFZLFFDLBEFBF

Global Marine Energy (LSE:GME)
과거 데이터 주식 차트
부터 2월(2) 2025 으로 3월(3) 2025

Global Marine Energy (LSE:GME)
과거 데이터 주식 차트
부터 3월(3) 2024 으로 3월(3) 2025