COV Cove Energy

LONDON--Thai exploration company PTT Exploration & Production Public Co Ltd (PTTEP.PH) Friday said it has received 94.32% valid acceptances for its acquisition offer for Cove Energy PLC (COV.LN) as at 1200 GMT on Aug. 16.

MAIN FACTS:

-Recommended Cash Offer by PTTEP Africa Investment Limited for Cove Energy.

-PTTEP AI has received valid acceptances from Cove Shareholders in respect of 463.1 million Cove shares representing 94.32% of the existing issued share capital of Cove.

-All of the conditions to the recommended Offer for Cove have been satisfied or waived and the offer is declared wholly unconditional.

-Shares of Cove Energy on Thursday closed at 240 pence.

-Write to Tapan Panchal at tapan.panchal@dowjones.com

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