Alkane Energy PLC Cancellation of Trading on AIM (0065D)
October 22 2015 - 2:00AM
UK Regulatory
TIDMALK
RNS Number : 0065D
Alkane Energy PLC
22 October 2015
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN
PART), DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES,
CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO
WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH
JURISDICTION
FOR IMMEDIATE RELEASE
22 October 2015
RECOMMENDED CASH OFFER
by
BARBICAN BIDCO LIMITED
(a company controlled by Balfour Beatty Infrastructure Partners,
L.P.)
for
ALKANE ENERGY PLC
Cancellation of Trading on AIM
Barbican Bidco Limited ("Barbican") announced on 14 October 2015
that it had declared its offer for Alkane Energy plc (the
"Company") unconditional in all respects (the "Offer"). In
accordance with AIM Rule 41, on 16 September 2015 the Company gave
notice that it intended to cancel the admission of its ordinary
share of 0.5p each ("Ordinary Shares") to trading on AIM, a market
of the London Stock Exchange plc, ("Cancellation") at least 5
business days after the Offer was declared unconditional in all
respects. The Company announces that application has now been made
for Cancellation with effect from 7.00 a.m. on 29 October 2015. The
last day of dealings in the Ordinary Shares is therefore expected
to be 28 October 2015.
Subject to the Cancellation, Barbican intends to procure that
Alkane will be re-registered as a private company under the
relevant provisions of the Companies Act 2006.
Alkane shareholders are strongly recommended to accept the Offer
as the Cancellation will significantly reduce the liquidity and
marketability of any Ordinary Shares in respect of which
acceptances of the Offer are not submitted and, accordingly, it is
likely that the value of any such Ordinary Shares would be
significantly affected.
Alkane Energy plc
Neil O'Brien/Steve Goalby Tel: +44 (0) 1623 827927
Liberum
Clayton Bush/Joshua Hughes Tel: +44 (0) 20 3100 2000
Further information
This announcement is for information only and is not intended to
and does not constitute, or form part of, any offer to sell or
invitation to purchase or subscribe for any securities, or any
solicitation of any vote or approval in any jurisdiction pursuant
to the Offer or otherwise. The Offer is effected solely through the
offer document (the "Offer Document") posted to Alkane Shareholders
on 17 September 2015, which, together with the Form of Acceptance
(in relation to Alkane Shareholders holding shares in certificated
form only) contains the full details, terms and conditions of the
Offer, including the details of how to accept the Offer. This
announcement has been issued by and is the sole responsibility of
Barbican.
Unless otherwise defined in this announcement, capitalised words
and phrases used in this announcement shall have the same meanings
given to them in the Offer Document.
A copy of this announcement will be available subject to certain
restrictions relating to persons resident in the United States,
Canada, Australia and Japan on www.bbip.com and on www.alkane.co.uk
by no later than 12 noon on 23 October 2015.
Overseas Shareholders
The Offer is not being made, directly or indirectly, in or into,
or by use of the mails, or by any means or instrumentality
(including, without limitation, by means of telephone, facsimile,
telex, internet or other forms of electronic communication) of
interstate or foreign commerce of, or any facilities of a
securities exchange of, the United States, Canada, Australia or
Japan, and the Offer will not be capable of acceptance by any such
use, means, instrumentality or facility or from within the United
States, Canada, Australia or Japan. Accordingly, copies of this
announcement and any other related document will not be, and must
not be, directly or indirectly, mailed or otherwise distributed or
sent in or into the United States, Canada, Australia or Japan and
persons receiving such documents (including custodians, nominees
and trustees) must not distribute or send them in, into or from
such jurisdictions as doing so may violate the laws of such
jurisdictions and may make invalid any purported acceptance of the
Offer by persons in any such jurisdiction.
This announcement has been prepared for the purpose of complying
with English law, the AIM Rules, the rules of the London Stock
Exchange and the Takeover Code, and the information disclosed may
not be the same as that which would have been disclosed if this
announcement had been prepared in accordance with the laws of
jurisdictions outside the UK.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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