Maksat Arip Rule 2.8 Announcement (8142T)
November 25 2013 - 2:48AM
UK Regulatory
TIDMEXI
RNS Number : 8142T
Maksat Arip
25 November 2013
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, IN, INTO OR FROM, ANY RESTRICTED JURISDICTIONS OR ANY OTHER
JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF SUCH JURISDICTION
25 November 2013
For Immediate Release
Statement regarding Exillon Energy plc (the "Company")
On 18 September 2013, the Company announced that it had decided
to conduct a formal sale process as defined in the Takeover
Code.
On 19 September 2013, Mr Maksat Arip ("Mr Arip") announced,
amongst other things, that he was reviewing all his options but
envisaged participating in the process. Subsequently, the Panel
confirmed that, subject to Mr Arip's continued participation in the
formal sale process, he would not be subject to a continued PUSU
deadline in accordance with Note 2 on Rule 2.6 of the Takeover
Code.
Mr Arip now confirms that he no longer intends to make an offer
for the Company.
As a result of this announcement, Mr Arip will, except with the
consent of the Panel, be bound by the restrictions contained in
Rule 2.8 of the Takeover Code. For the purposes of Rule 2.8 of the
Takeover Code, Mr Arip reserves the right to make or participate in
an offer for the Company (and/or take any other action which would
otherwise be restricted under Rule 2.8 of the Takeover Code) within
the next six months following the date of this announcement in the
circumstances set out in Note 2 on Rule 2.8 of the Takeover
Code.
Contact:
College Hill
David Simonson Tel: +44 (0) 20 7457 2020
Tony Friend
Catherine Wickman
This information is provided by RNS
The company news service from the London Stock Exchange
END
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