Aggreko PLC B Share Scheme - Further Purchase Offer (7064H)
March 18 2015 - 5:00AM
UK Regulatory
TIDMAGK
RNS Number : 7064H
Aggreko PLC
18 March 2015
Aggreko PLC - B Share Scheme - Further Purchase Offer
Aggreko PLC
18 March 2015
Aggreko PLC
18 March 2015
B Share Scheme - Further Purchase Offer by Aggreko PLC
Aggreko PLC ("Aggreko") announces that it has today sent a
letter to the holders of its B Shares outlining a proposed purchase
of 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.
Details of the Further Purchase Offer
The Further Purchase Offer, which is expected to be effected by
Aggreko on 5 May 2015, will give the holders of B Shares the
opportunity to sell all or some of their B Shares to Aggreko for
75.5 pence per B Share, free of all dealing expenses and
commissions. Shareholders wishing to sell all or some of their B
Shares should make an election to participate in the Further
Purchase Offer in accordance with the instructions set out in the
letter to holders of B Shares posted today. Elections to
participate in the Further Purchase Offer must be received by
Capita Asset Services by 1.00 p.m. on 9 April 2015,
Settlement of the Further Purchase Offer is expected to be made
on 8 May 2015. Full details of the Further Purchase Offer are
contained in the letter to holders of B Shares posted today.
Terms defined in the Circular have the same meaning when used in
this announcement.
For further information, please contact:
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCJRMRTMBBBBTA
Aggreko (LSE:AGK)
Historical Stock Chart
From Apr 2024 to May 2024
Aggreko (LSE:AGK)
Historical Stock Chart
From May 2023 to May 2024
