Aggreko PLC Result of Elections - Further Purchase Offer (8481J)
April 10 2015 - 4:17AM
UK Regulatory
TIDMAGK
RNS Number : 8481J
Aggreko PLC
10 April 2015
Aggreko PLC
10 April 2015
Result of Elections in respect of Further Purchase Offer for B
Shares
Aggreko PLC ("Aggreko") announced on 18 March 2015 that it had
sent a letter to the holders of its B Shares outlining a proposed
offer in relation to its B Shares to be made by Aggreko, subject to
certain conditions (the "Further Purchase Offer").
The B Shares were created pursuant to the return of
approximately GBP200 million of cash approved by Shareholders on 24
April 2014, details of which were contained in the Circular to
Shareholders dated 14 March 2014 (the "Circular"). The Return of
Cash provided Shareholders with three alternatives in relation to
their B Shares. As a result of elections made by Shareholders in
April 2014, there are currently 1,989,357 B Shares outstanding.
As at 1.00 pm on 9 April 2015 (being the latest time for receipt
of elections in respect of the Further Purchase Offer), elections
to accept the Further Purchase Offer were received in relation to
1,778,847 B Shares (89 per cent. of the outstanding B Shares).
It is expected that Aggreko will make the Further Purchase Offer
to purchase the B Shares in respect of which valid elections have
been received from Shareholders on 5 May 2015. A written memorandum
summarising the terms of the contracts pursuant to which Aggreko is
expected to purchase such B Shares and giving the names of the
Shareholders who have offered to sell such B Shares is on display
at Aggreko's registered office. Settlement of the Further Purchase
Offer is expected to be made on 8 May 2015.
Terms defined in the Circular have the same meaning when used in
this announcement.
For further information:
Helen Middlemist - Deputy Company Secretary - Tel: 0141 225
5900
None of the Existing Ordinary shares, New Ordinary Shares or the
B Shares have been or will be registered under U.S. Securities Act
of 1933 as amended (the "Securities Act") or the securities laws of
any other U.S. jurisdiction, and none of them may be offered or
sold in the United States unless pursuant to an exemption from, or
in a transaction not subject to the registration requirements of,
the Securities Act.
The release, publication or distribution of this announcement in
certain jurisdictions may be restricted by law and therefore
persons in such jurisdictions into which this announcement is
released, published or distributed should inform themselves about
and observe such restrictions.
This announcement does not constitute, or form part of, an offer
to sell or the solicitation of an offer to subscribe for any
securities, nor the solicitation of any vote or approval in any
jurisdiction, nor shall there be any sale, issue or transfer of the
securities referred to in this announcement in any jurisdiction in
contravention of applicable law.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCVBLBFEZFFBBQ
Aggreko (LSE:AGK)
Historical Stock Chart
From Mar 2024 to Apr 2024
Aggreko (LSE:AGK)
Historical Stock Chart
From Apr 2023 to Apr 2024
