Port Erin Biopharma Investments Ltd Re Results of Tender Offer (0869E)
05 February 2015 - 4:36AM
UK Regulatory
TIDMPEBI
RNS Number : 0869E
Port Erin Biopharma Investments Ltd
04 February 2015
For immediate release
4 February 2015
Port Erin Biopharma Investments Limited
(the "Company")
Results of Tender Offer
The Circular (published on 13 January 2015) noted that the
Company would announce, by 8.00 a.m. on 5 February 2015, the Tender
Entitlement of each shareholder accepting the Tender Offer, and the
value of the Tender Price per share that shareholders will
receive.
Due to administrative issues beyond the Company's control, a
short delay is now expected of up to 48 hours before the Tender
Entitlement and the Tender Price will be available. This delay will
also affect the date on which both a) the cheques and balance
certificates are dispatched for certified Ordinary Shares, and b)
payment and revised holdings credited through CREST for uncertified
Ordinary Shares, purchased pursuant to the Tender Offer.
Accordingly, it is anticipated that the Tender Entitlement and
Tender Price will be confirmed on 6 February 2015 and that the
formal close of the Tender Offer and confirmation of the
anticipated date for payment will be put back until this date..
For further information, please contact:
Port Erin Biopharma Investments Beaumont Cornish Limited Peterhouse Capital Limited
Limited
The Company Nomad Broker
Denham Eke Roland Cornish Lucy Williams
+44 162 463 9396 +44 207 628 3396 +44 207 469 0930
This information is provided by RNS
The company news service from the London Stock Exchange
END
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