PME African Infrastructure Opps PLC Result of Tender Offer and Director's Dealing (4702H)
01 December 2015 - 6:00PM
UK Regulatory
TIDMPMEA
RNS Number : 4702H
PME African Infrastructure Opps PLC
01 December 2015
1 December 2015
PME African Infrastructure Opportunities plc
("PME" or the "Company")
(AIM: PMEA.L)
Result of Current Tender Offer
Director's Dealing
Further to the announcement of the result of the Extraordinary
General Meeting held on 23 November 2015, the Board of PME
announces that the current tender offer for the purchase of up to
38,376,948 Ordinary Shares (representing 50 per cent. of the
Ordinary Shares outstanding at the record date) at US$0.20 per
Ordinary Share (the "Current Tender Offer") closed at 1.00 p.m. on
30 November 2015.
A total of 35,780,661 Ordinary Shares, comprising 46.6 per cent.
of the Ordinary Shares outstanding, were validly tendered, and
accordingly, all valid tender applications will be satisfied in
full. It is expected that both the CREST settlement of the Current
Tender Offer and the despatch of cheques in respect of certificated
holdings, will take place on 4 December 2015.
As set out in the Current Tender Offer document, the 35,780,661
Ordinary Shares validly tendered will be cancelled. Therefore, with
effect from 4 December 2015 the total number of voting rights
attached to remaining Ordinary Shares will be 40,973,236. The
voting rights on all these shares are identical. This figure may be
used by shareholders as the denominator for the calculations by
which they will determine if they are required to notify their
interest in, or a change to their interest, in the Company,
following 4 December 2015.
Lawrence Kearns, a Director of the Company, tendered 37,000
Ordinary Shares in the Current Tender Offer at the Tender Price of
US$0.20 per share. Following completion of the Current Tender
Offer, Mr Kearns will hold 37,000 Ordinary Shares, which will
represent 0.1% of Company's issued ordinary share capital following
the cancellation of the Ordinary Shares validly tendered under the
Current Tender Offer.
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
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