ROC and AEL Merger
July 30 2008 - 2:02AM
UK Regulatory
RNS Number : 1765A
Roc Oil Company Limited
30 July 2008
30 July 2008
ROC AND AEL MERGER
Court Convenes Scheme Meeting
Independent Expert finds Merger Fair and Reasonable
On 16 June 2008 Roc Oil Company Limited ("ROC") and Anzon Energy Limited ("AEL") announced their intention to merge by way of scheme of
arrangement ("Merger").
The Federal Court of Australia has today ordered the convening of a meeting of shareholders of AEL ("Scheme Meeting") to enable a vote
to be taken on the proposed Merger. The Scheme Meeting will be held at 10am (AEST) on 3 September 2008 at Corrs Chambers Westgarth, Level
32, Governor Phillip Tower, 1 Farrer Place, Sydney, Australia.
Deloitte Corporate Finance Pty Limited, who were commissioned by AEL to prepare an independent expert's report on the Merger, have
concluded that the Merger is fair and reasonable and therefore in the best interests of AEL shareholders.
The Boards of each of ROC and AEL have unanimously agreed to pursue the Merger. The AEL Board has unanimously recommended that AEL
shareholders vote in favour of the resolution to approve the Merger at the Scheme Meeting, in the absence of a superior proposal.
Full details of the Merger, including how to vote on the resolution and a full copy of the independent expert's concise report, are
included in the Scheme Booklet and Notice of Meeting which will be posted to all AEL shareholders next week. The Scheme Booklet and Notice
of Meeting will be announced to AIM and will be available on both the ROC and AEL websites later this week.
If you have any questions in relation to the Merger, please call the Information Line between 9:00am to 5:00pm (AEST) Monday to Friday
on 1300 309 234 (within Australia), or 0800 450 974 (within New Zealand), or +61 3 9415 4639 outside Australia and New Zealand.
FOR FURTHER INFORMATION PLEASE CONTACT:
Mr Bruce Clement Mr Andrew Young
Acting Chief Executive Managing Director
Officer Anzon Energy Limited
Roc Oil Company Limited
Telephone: +61 2 9024
Telephone: +61 2 8356 3555
2000 Website:
Website: www.anzonenergy.com
www.rocoil.com.au Level 13, 90 Arthur
Level 14, 1 Market Street
Street North Sydney NSW
Sydney NSW 2000 2060
ROC Financial Adviser AEL Financial Adviser
Bruce McLennan Robert Sennitt
Managing Director Division Director
Gresham Advisory Macquarie Capital
Partners Advisers
Telephone: +61 2 9224 Telephone: +61 414
0269 295 264
ROC Nominated Adviser & AEL Nominated Adviser
UK Corporate Broker Fiona Owen
Michael Shaw Partner
Partner Grant Thornton UK LLP
Oriel Securities Limited Telephone: + 44 20
Telephone: + 44 20 7710 7383 5100
7600
This information is provided by RNS
The company news service from the London Stock Exchange
END
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