TIDMLBE
RNS Number : 9146U
Longboat Energy PLC
28 November 2019
NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, TO ANY US PERSONS OR INTO THE UNITED
STATES, CANADA, AUSTRALIA, THE REPUBLIC OF IRELAND, THE REPUBLIC OF
SOUTH AFRICA OR JAPAN, OR ANY OTHER JURISDICTION, OR TO ANY PERSON,
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF APPLICABLE LAW OR
REGULATION OF SUCH JURISDICTION.
THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES FOR SALE IN THE
UNITED STATES OR ANY OTHER JURISDICTION. INVESTORS SHOULD NOT
SUBSCRIBE FOR OR PURCHASE ANY SECURITIES REFERRED TO IN THIS
ANNOUNCEMENT EXCEPT ON THE BASIS OF INFORMATION IN THE ADMISSION
DOCUMENT PUBLISHED BY LONGBOAT ENERGY PLC IN CONNECTION WITH THE
PROPOSED ADMISSION OF ITS ORDINARY SHARES TO TRADING ON AIM.
Longboat Energy plc
("Longboat Energy" or the "Company")
Admission to trading on aim
Longboat Energy, a company established by the successful former
management team of Faroe Petroleum plc to fast track the creation
of a new full-cycle North Sea oil and gas company, is pleased to
announce the admission of its entire issued ordinary share capital
to trading on the AIM market of the London Stock Exchange at 8:00
a.m. today ("Admission") under the ticker LBE.
The Company's Admission Document can be found on its website:
www.longboatenergy.com
For further information visit:
Enquiries:
Longboat Energy via FTI
Helge Hammer, Chief Executive Officer
Jon Cooper, Chief Financial Officer
Stifel (Nomad and Bookrunner) Tel: +44 20 7710 7600
Callum Stewart
Jason Grossman
Nicholas Rhodes
Ashton Clanfield
FTI Consulting (PR adviser) Tel: +44 20 3727 1000
Ben Brewerton
Sara Powell longboatenergy@fticonsulting.com
IMPORTANT INFORMATION
This announcement is for information purposes only and does not
constitute a prospectus or any offer to sell or the solicitation of
an offer to buy any security in the United States of America or in
any other jurisdiction. Securities may not be offered or sold in
the United States of America absent registration or an exemption
from registration under the U.S. Securities Act of 1933, as amended
(the "Securities Act"). The ordinary shares in Longboat Energy (the
"Ordinary Shares") will not be registered under the Securities Act.
No public offering of the Ordinary Shares will be made in the
United States.
This announcement is only addressed to and directed at persons
in member states of the European Economic Area ("EEA") who are
qualified investors within the meaning of Article 2(e) of the
Prospectus Regulation (Regulation (EU) 2017/1129), as amended
("Qualified Investors"). In addition, in the United Kingdom, this
announcement is addressed and directed only at Qualified Investors
who (i) are persons who have professional experience in matters
relating to investments falling within Article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order
2005 (the "Order"), (ii) are persons who are high net worth
entities falling within Article 49(2)(a) to (d) of the Order, or
(iii) to persons to whom it may otherwise be lawful to communicate
it to (all such persons being referred to as "relevant persons").
Any investment or investment activity to which this announcement
relates is available only to relevant persons in the United Kingdom
and Qualified Investors in any member state of the EEA other than
the United Kingdom, and will be engaged in only with such persons.
Other persons should not rely or act upon this announcement or any
of its contents.
This announcement does not constitute an offer to sell or the
solicitation of an offer to buy Ordinary Shares in any
jurisdiction. Any such offer, if made, will be made pursuant to the
Admission Document proposed to be published in due course. In
particular, this announcement is not for distribution in or into
the United States, Canada, Australia, the Republic of Ireland, the
Republic of South Africa or Japan or to any national resident or
citizen of the United States, Canada, Australia, the Republic of
Ireland, the Republic of South Africa or Japan. The distribution of
this announcement in other jurisdictions including (without
limitation) the United States, Canada, Australia, the Republic of
Ireland, the Republic of South Africa or Japan (or to any resident
thereof) may be restricted by law and therefore persons into whose
possession this announcement comes should inform themselves of and
observe any such restrictions. Any failure to comply with these
restrictions may constitute a violation of the securities laws of
any such jurisdiction.
Neither the United States Securities and Exchange Commission
("SEC") nor any securities regulatory body of any state or other
jurisdiction of the United States of America, nor any securities
regulatory body of any other country or subdivision thereof, has
passed on the accuracy or adequacy of the contents of this
announcement. Any representation to the contrary is unlawful. This
announcement is directed only at, and may only be communicated
outside of the United States to persons who are not US persons
within the meaning of Regulation S under the Securities Act.
Acquiring investments to which this announcement relates may
expose an investor to a significant risk of losing all or part of
the amount invested. Persons considering making such an investment
should consult an authorised person specialising in advising on
such investments. This announcement does not constitute a
recommendation concerning Admission, the Placing or the Company's
shares. The value of shares and the income from them is not
guaranteed and can fall as well as rise due to stock market and
currency movements. When you sell your investment you may get back
less than you originally invested. Potential investors should
consult a professional adviser as to the suitability of the shares
for the person concerned. Past performance cannot be relied upon as
a guide to future performance.
Stifel, which is authorised and regulated by the Financial
Conduct Authority in the United Kingdom, is acting exclusively for
the Company and no-one else in connection with Admission and the
Placing. It will not regard any other person as its client in
relation to Admission and the Placing and will not be responsible
to anyone other than the Company for providing the regulatory
protections afforded to its clients, nor for providing advice in
relation to the contents of this announcement or any transaction,
arrangement or other matter referred to herein. Stifel has not
authorised the contents of any part of this announcement. The
responsibilities of Stifel as the Company's nominated adviser under
the AIM Rules for Companies and the AIM Rules for Nominated
Advisers will be owed solely to the London Stock Exchange and not
to the Company, any of its directors, nor any other person in
respect of a decision to subscribe for or acquire Ordinary Shares
in reliance on the final form admission document relating to the
Company.
No representation or warranty, express or implied, is made by
Stifel, nor any of its directors, officers, employees, advisers or
agents, as to any of the contents of this announcement, including
its accuracy or completeness of the information in this
announcement (or whether any information has been omitted from the
announcement) or any other information relating to the Company, its
subsidiaries or associated companies, whether written, oral or in a
visual or electronic form, and howsoever transmitted or made
available or for any loss howsoever arising from any use of this
announcement or its contents or otherwise arising in connection
therewith.
This announcement contains certain statements that are, or may
be, forward looking statements with respect to the financial
condition, results of operations, business achievements and/or
investment strategy of the Company. Such forward looking statements
are based on the board's expectations of external conditions and
events, current business strategy, plans and the other objectives
of management for future operations, and estimates and projections
of the Company's financial performance. Though the board believes
these expectations to be reasonable at the date of this
announcement they may prove to be erroneous. Forward looking
statements involve known and unknown risks, uncertainties and other
factors which may cause the actual results, achievements or
performance of the Company, or the industry in which the Company
operates, to be materially different from any future results,
achievements or performance expressed or implied by such forward
looking statements.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCGMMZMLNRGLZM
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