TIDMPMEA

RNS Number : 6119G

PME African Infrastructure Opps PLC

23 November 2015

23 November 2015

PME African Infrastructure Opportunities plc

("PME" or the "Company")

(AIM: PMEA.L)

Result of EGM

PME African Infrastructure Opportunities plc announces that the Resolution put to Shareholders at the Extraordinary General Meeting of the Company held today was duly approved.

With Shareholders having approved the renewal of the authority for the Company to return capital to Shareholders via Tender Offers, the Current Tender Offer, which will return up to US$7.7 million to Shareholders through the purchase by the Company of up to 38,376,948 existing Ordinary Shares from Eligible Shareholders at a price of US$0.20 per Ordinary Share, will now proceed.

The Current Tender Offer is only available to Shareholders (other than certain Overseas Shareholders) on the Register on the Record Date, and only in respect of a maximum of 1 Ordinary Share for every 2 Ordinary Shares registered in their names on the Record Date.

Further details of the Current Tender Offer, including its terms and conditions, are set out in the Circular and accompanying Tender Form posted to Shareholders on 6 November 2015. The Circular and Tender Form are also available on the Company's website at www.pmeinfrastructure.com.

Ordinary Shares purchased by the Company will be cancelled so that such Ordinary Shares will no longer be in issue but the Company's authorised share capital will remain unchanged.

Expected Timetable of Events

 
Latest time and date for receipt of Tender     1:00 p.m. on 30 November 
 Forms and for settlement of TTE instructions                      2015 
 in respect of the Current Tender Offer 
 
Record Date for the Current Tender Offer       5.00 p.m. on 30 November 
                                                                   2015 
Announcement of results of the Current                  1 December 2015 
 Tender Offer 
CREST accounts credited with Current                    4 December 2015 
 Tender Offer proceeds and holdings of 
 uncertificated Ordinary Shares revised 
Despatch of cheques for Current Tender                  4 December 2015 
 Offer proceeds for 
 certificated Ordinary Shares and any 
 applicable balance 
 certificates

All defined terms are as set out in the Circular and Tender Form.

For further information please contact:

 
Smith & Williamson Corporate Finance Limited 
 Azhic Basirov / Ben Jeynes                    +44 20 7131 4000 
Stifel Nicolaus Europe Limited 
 Neil Winward / Tom Yeadon                     +44 20 7710 7600

This information is provided by RNS

The company news service from the London Stock Exchange

END

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