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Eland Oil & Gas PLC - Correction: ELAND SIP AND RULE 2.9 ANNOUNCEMENT

RNS Number : 8332S
Eland Oil & Gas PLC
08 November 2019
 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

FOR IMMEDIATE RELEASE

8 November 2019

ELAND OIL & GAS PLC ("ELAND")

ISSUE OF SHARES UNDER THE ELAND SIP AND RULE 2.9 ANNOUNCEMENT

 

The following amendment has been made further to the 'ISSUE OF SHARES UNDER THE ELAND SIP AND RULE 2.9 ANNOUNCEMENT' released on 8 November 2019 at 7:00am under RNS No 7216S.

In accordance with Rule 2.9 of the Code, following the transfer of 70,048 shares from treasury under the Eland SIP on 6 November 2019, Eland confirms that as at the date of this announcement, the Company's issued share capital consists of 220,164,155 ordinary shares of ten pence each, with 4,502,366 ordinary shares held in treasury. The issued voting share capital of the Company is therefore 215,661,789. This figure may be used by Eland shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Eland under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

The International Securities Identification Number (ISIN) of the ordinary shares is GB00B8HHWX64.

Defined terms used but not defined in this announcement have the meaning given to them in the Scheme Document.

Enquiries:

Eland

+44 (0) 20 7016 3180

George Maxwell, Chief Executive Officer


Ron Bain, Chief Financial Officer


Finlay Thomson, Investor Relations Manager




Evercore (Sole Financial Adviser to Eland)

+44 (0) 20 7653 6000

David Waring

Edward Banks

Gent Kadare




Peel Hunt (Nominated Adviser and Joint Broker to Eland)

+44 (0) 20 7418 8900

Richard Crichton

Michael Nicholson

David McKeown




Stifel (Joint Broker to Eland)

+44 (0) 20 7710 7600

Callum Stewart

Nicholas Rhodes

Ashton Clanfield

 


Camarco (PR Adviser to Eland)

+44 (0) 20 3757 4980

Billy Clegg

Monique Perks


 

Publication on Website

In accordance with Rule 26.1 of the Code, a copy of this announcement will be available at www.elandoilandgas.com by no later than 12:00 noon (London time) on 8 November 2019. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.

Dealing and Opening Position Disclosure Requirements of the Code

Under Rule 8.3(a) of the Code, any person who is interested in one per cent. or more of any class of relevant securities of an offeree company or of any securities exchange offeror (being any offeror other than an offeror in respect of which it has been announced that its offer is, or is likely to be, solely in cash) must make an Opening Position Disclosure following the commencement of the Offer Period and, if later, following the announcement in which any securities exchange offeror is first identified.

An Opening Position Disclosure must contain details of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of: (i) the offeree company; and (ii) any securities exchange offeror(s). An Opening Position Disclosure by a person to whom Rule 8.3(a) of the Code applies must be made by no later than 3:30 p.m. (London time) on the 10th business day following the commencement of the Offer Period and, if appropriate, by no later than 3:30 p.m. (London time) on the 10th business day following the announcement in which any securities exchange offeror is first identified. Relevant persons who deal in the relevant securities of the offeree company or of a securities exchange offeror prior to the deadline for making an Opening Position Disclosure must instead make a Dealing Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in one per cent. or more of any class of relevant securities of the offeree company or of any securities exchange offeror must make a Dealing Disclosure if the person deals in any relevant securities of the offeree company or of any securities exchange offeror. A Dealing Disclosure must contain details of the dealing concerned and of the person's interests and short positions in, and rights to subscribe for, any relevant securities of each of: (i) the offeree company; and (ii) any securities exchange offeror, save to the extent that these details have previously been disclosed under Rule 8 of the Code. A Dealing Disclosure by a person to whom Rule 8.3(b) of the Code applies must be made by no later than 3:30 p.m. (London time) on the business day following the date of the relevant dealing.

If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire or control an interest in relevant securities of an offeree company or a securities exchange offeror, they will be deemed to be a single person for the purpose of Rule 8.3 of the Code.

Opening Position Disclosures must also be made by the offeree company and by any offeror and Dealing Disclosures must also be made by the offeree company, by any offeror and by any persons acting in concert with any of them (see Rules 8.1, 8.2 and 8.4 of the Code).

Details of the offeree and offeror companies in respect of whose relevant securities Opening Position Disclosures and Dealing Disclosures must be made can be found in the Disclosure Table on the Panel's website at www.thetakeoverpanel.org.uk, including details of the number of relevant securities in issue, when the Offer Period commenced and when any offeror was first identified. If you are in any doubt as to whether you are required to make an Opening Position Disclosure or a Dealing Disclosure, you should contact the Panel's Market Surveillance Unit on +44 (0)20 7638 0129.

Important Notices

Evercore Partners International LLP ("Evercore"), which is authorised and regulated by the FCA, is acting exclusively for Eland and no one else in connection with the Acquisition, the other matters referred to in this announcement and the Scheme Document, and will not be responsible to anyone other than Eland for providing the protections afforded to clients of Evercore, nor for providing advice in connection with the Acquisition or any matter or arrangement referred to herein. Neither Evercore nor any of its subsidiaries, branches or affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Evercore in connection with the Acquisition or any statement contained herein or otherwise.

Peel Hunt LLP ("Peel Hunt"), which is authorised and regulated in the United Kingdom by the FCA, is acting exclusively for Eland and no-one else in connection with the Acquisition and/or any other matter referred to in this announcement and/or the Scheme Document, and will not be responsible to anyone other than Eland for providing the protections afforded to clients of Peel Hunt or for providing advice in connection with the Acquisition or any matter or arrangement referred to herein.

Stifel Nicolaus Europe Limited ("Stifel"), which is authorised and regulated in the United Kingdom by the FCA, is acting exclusively for Eland and no one else in connection with the Acquisition, the other matters referred to in this announcement and the Scheme Document, and will not be responsible to anyone other than Eland for providing the protections afforded to clients of Stifel or for providing advice in connection with the Acquisition or any matter or arrangement referred to herein.

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
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