San Leon Energy PLC Announcement Regarding Takeover Speculation (8159W)
August 24 2015 - 2:00AM
UK Regulatory
TIDMSLE
RNS Number : 8159W
San Leon Energy PLC
24 August 2015
This is an announcement falling under Rule 2.4 of the Irish
Takeover Panel Act, 1997, Takeover Rules, 2013 (the "Takeover
Rules").
24 August 2015
San Leon Energy plc
("San Leon")
Announcement Regarding Takeover Speculation
The Board of San Leon notes the takeover speculation regarding
San Leon in yesterday's press. The Board of San Leon confirms that
it has received an approach from a possible offeror, that may or
may not lead to an offer being made for San Leon.
This announcement does not constitute an announcement of a firm
intention to make an offer under Rule 2.5 of the Takeover
Rules.
There can be no certainty that an offer will be made or as to
the terms on which any offer might be made.
A further announcement will be made, as appropriate, in due
course.
Enquiries:
San Leon Energy plc
Oisin Fanning, Executive
Chairman +353 1291 6292
Westhouse Securities
Ltd
Nominated Adviser
Richard Johnson +44 (0) 20
Antonio Bossi 7601 6100
Vigo Communications
Financial Public
Relations
Chris McMahon +44 (0) 20
Alexandra Roper 7016 9572
Rule 2.10 disclosure
San Leon announces, in accordance with Rule 2.10 of the Takeover
Rules, that at the close of business on 21 August 2015, San Leon
had the following relevant securities (within the meaning of the
Takeover Rules) in issue: 61,809,052 shares (excluding shares held
in Treasury). The ISIN reference number for these securities is
IE00BWVFTP56.
About San Leon
San Leon Energy plc is dedicated to maximising value in energy
exploration and production. We have a balanced portfolio of
conventional and shale assets across Europe and North Africa.
A copy of this announcement will be available on San Leon's
website at www.sanleonenergy.com.
The Directors of San Leon accept responsibility for the
information contained in this announcement. To the best of their
knowledge and belief (having taken all reasonable care to ensure
such is the case), the information contained in this announcement
is in accordance with the facts and does not omit anything likely
to affect the import of such information.
A person interested in 1% or more of any class of relevant
securities of San Leon may have disclosure obligations under Rule
8.3 of the Takeover Rules, effective from the date of this
announcement.
A disclosure table, giving details of the companies in whose
"relevant securities" "dealings" should be disclosed can be found
on the Irish Takeover Panel's website at www.irishtakeoverpanel.ie.
"Interests in securities" arise, in summary, when a person has long
economic exposure, whether conditional or absolute, to changes in
the price of securities. In particular, a person will be treated as
having an "interest" by virtue of the ownership or control of
securities, or by virtue of any option in respect of, or derivative
referenced to, securities. Terms in quotation marks are defined in
the Irish Takeover Rules, which can be found on the Irish Takeover
Panel's website.
If you are in any doubt as to whether or not you are required to
disclose a "dealing" under Rule 8, please consult the Irish
Takeover Panel's website at www.irishtakeoverpanel.ie or contact
the Irish Takeover Panel on telephone number +353 1 678 9020; fax
number +353 1 678 9289.
Westhouse Securities Limited, which is authorised and regulated
in the United Kingdom by the Financial Conduct Authority, is acting
exclusively for San Leon and for no one else in connection with the
subject matter of this announcement and will not be responsible to
anyone other than San Leon for providing the protections afforded
to its clients or for providing advice in connection with the
subject matter of this announcement or any transaction or
arrangement referred to herein. Neither Westhouse Securities
Limited, nor any of its subsidiaries, branches or affiliates owes
or accepts any duty, liability or responsibility whatsoever
(whether direct or indirect, whether in contract, in tort, under
statute or otherwise) to any person who is not a client of
Westhouse Securities Limited in connection with the subject matter
of this announcement.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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