Range Resources Limited RRDSL acquisition payment (3972A)
28 December 2017 - 6:00PM
UK Regulatory
TIDMRRL
RNS Number : 3972A
Range Resources Limited
27 December 2017
Range Resources Limited
('Range' or 'the Company')
28 December 2017
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY
THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER
THE MARKET ABUSE REGULATIONS (EU) NO. 596/2014 ("MAR"). UPON THE
PUBLICATION OF THIS ANNOUNCEMENT VIA REGULATORY INFORMATION SERVICE
("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE
PUBLIC DOMAIN.
RRDSL ACQUISITION PAYMENT
Range advises that it has advanced a partial payment of US$2.8
million to LandOcean Petroleum Corp. Ltd as part of the
consideration for the completed acquisition of Range Resources
Drilling Services Limited ("RRDSL"). The payment is on a refundable
basis and the funds will be immediately repayable to Range upon the
Company's request.
This early, refundable payment will benefit Range as it will no
longer have to pay the 6% interest rate per annum accruing on the
amount of consideration.
The consideration for the acquisition remains due to be paid by
no later than 30 November 2020.
Contact details
Cantor Fitzgerald Europe
Range Resources Limited (Nominated Advisor and
Evgenia Bezruchko (Group Corporate Broker)
Development Manager) David Porter (Corporate
e. admin@rangeresources.co.uk Finance)
t. +44 (0)20 3865 8430 t. +44 (0)20 7894 7000
Note relating to statutory disclosure of significant
shareholdings
Statutory disclosure of significant shareholdings (as defined in
the AIM Rules) is different for Australian companies and may not
always ensure compliance with the requirements of Rule 17 of the
Aim Rules. All shareholders who are holding (directly or
indirectly), 3% or more of the issued and outstanding Ordinary
Shares are requested to notify the Company without delay of any
changes to their holding which increase or decrease such holding
through any single percentage. Likewise, shareholders who acquire
3% or more of the issued and outstanding Ordinary Shares are
requested to notify the Company without delay.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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