Stilo International PLC Result of Tender Offer (3599M)

TIDMSTL

RNS Number : 3599M

Stilo International PLC

16 September 2019

Stilo International plc

16 September 2019

Result of Tender Offer

The Company is pleased to announce the results of the Tender Offer and that pursuant to the Tender Offer, which closed in accordance with its published timetable at 1.00 p.m. on 13 September 2019, valid tenders have been received for 510,710 Ordinary Shares.

As announced on 23 August 2019 the completion of the Tender Offer is conditional, inter alia, on the approval by Shareholders of all the Resolutions to be tabled at the General Meeting, which is scheduled for 11.00 a.m. on 30 September 2019.

Subject to the above, all valid tenders will be satisfied in full.

The Tender Offer will also not proceed if any of the conditions specified in paragraph 1 of Part II of the Circular are not satisfied and the Tender Offer may be terminated in the circumstances described in paragraph 22 of Part II of the Circular. If the Tender Offer does not proceed or is terminated once it is made, the Company will make an announcement through a Regulatory Information Service.

The posting of cheques in respect of certificated Ordinary Shares purchased pursuant to the Tender Offer is expected to occur by 3 October 2019. The crediting of CREST accounts for uncertificated Ordinary Shares purchased pursuant to the Tender Offer is expected to occur by 3 October 2019.

Terms used in this announcement shall have the meaning ascribed to them in the circular sent to Shareholders on 23 August 2019 ("Circular") unless otherwise stated.

ENQUIRIES

 
  Stilo International plc          SPARK Advisory Partners 
   Les Burnham, Chief Executive     (Nominated Adviser) 
                                    Neil Baldwin T +44 (0) 203 368 
   T +44 (0)1793 441444             3554 
                                    Mark Brady T +44 (0) 203 368 
                                    3551 
                                    SI Capital (Broker) 
                                    Nick Emerson 
                                    T +44 (0) 1483 413500

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September 16, 2019 02:00 ET (06:00 GMT)

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