Aqua Resources Fund Limited Results of Tender Offer (0799Q)
01 November 2012 - 8:46PM
UK Regulatory
TIDMH2O
RNS Number : 0799Q
Aqua Resources Fund Limited
01 November 2012
01 November 2012
Aqua Resources Fund Limited
Aqua Resources Fund Limited (the "Company") offered to
repurchase up to 4,864,911 ordinary shares in the Company
("Shares") or such other lower number of Shares which, following
the completion of the purchase by the Private Equity Advisor Group
at JPMorgan Asset Management ("JPM PEA") on behalf of JPMorgan
Private Equity Limited and JPMorgan Special Opportunities Fund (the
"JPM Funds") would cause the JPM Funds to control a maximum of
29.99 per cent. of the voting rights in the Company (the "Tender
Threshold").
As at 31 October 2012, the JPM Funds held 16,907,588 Shares and
therefore the Tender Threshold has been set at 4,824,467
Shares.
The Company received valid tender requests for 2,113,044 Shares.
As a result, the Tender Offer was undersubscribed and all tender
requests will be satisfied in full.
2,113,044 Shares will be purchased by JPM Funds for a tender
price of EUR0.35 cents.
It is expected that cheques will be despatched and CREST
accounts will be credited with proceeds in respect of successfully
tendered Shares and with unsold uncertificated Shares on or around
the week commencing 05 November 2012.
The cancellation of the admission of the Company's shares to
trading on the London Stock Exchange's Main Market for listed
securities will be effective from close of business on 09 November
2012. The cancellation of the admission of the shares to the
Official List will be effective from 8.00 a.m. on 12 November
2012.
For further enquiries:
Aqua Resources Fund Limited
Hasan Askari, Chairman +44 (0)7785 307 759
FourWinds Capital Management, Investment Manager info@fourwindscm.com
Kimberly Tara, Chief Executive Officer
Cenkos Securities plc
Will Rogers +44 (0)20 7397 1920
Sapna Shah +44 (0)20 7397 1922
Important Information
The information related to the Company included in this
statement is provided for information purposes only and does not
constitute an invitation or offer to subscribe for or purchase
shares in the Company. This material is not intended to provide a
sufficient basis on which to make an investment decision. All
investments are subject to risk. An investment in the Company
should be regarded as long term in nature and is suitable only for
sophisticated investors, investment professionals, high net worth
individuals, unincorporated associations and partnerships and
trustees of high value trusts, in each case, who can bear the
economic risk of a substantial or entire loss of their investment.
Prospective investors are advised to seek expert legal, financial,
tax and other professional advice before making any investment
decisions.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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