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Further Purchase Offer for B Shares

5th May 2015 09:41

RNS Number : 1710M
Aggreko PLC
05 May 2015
 

Aggreko PLC - Further Purchase Offer for B Shares

5 May 2015

Not for release, publication or distribution in whole or in part to or into the United States, Australia, Canada, Japan or the Republic of South Africa.

Further Purchase Offer for B Shares

Aggreko PLC ("Aggreko") announced on 18 March 2015 that it had sent a letter to the holders of its B Shares (the "Letter") outlining a proposed purchase offer in relation to its B Shares to be made by Aggreko, subject to certain conditions (the "Further Purchase Offer").

The B Shares were created pursuant to the return of approximately £200 million of cash approved by Shareholders on 24 April 2014, details of which were contained in the Circular to Shareholders dated 14 March 2014 (the "Circular").

Aggreko hereby confirms the Further Purchase Offer to purchase each of the 1,778,422 B Shares in respect of which valid elections for the Further Purchase Offer have been received, and hereby accepts the offers to sell shares constituted by those elections, for 75.5 pence per B Share, free of all dealing expenses and commissions, in off‑market transactions on the terms set out in the Letter.

Settlement for the B Shares acquired under the Further Purchase Offer will be made on 8 May 2015 when cheques will be dispatched to Shareholders whose B Shares are held in certificated form (that is, not in CREST) and who do not have a bank mandate registered on their Aggreko shareholding (or have elected to receive the proceeds of the sale by cheque). The CREST accounts of Shareholders whose B Shares are held in uncertificated form (that is, in CREST) and the mandated bank accounts of Shareholders whose B Shares are held in certificated form will be credited with the proceeds of sale on the same day.

Terms defined in the Circular have the same meaning when used in this announcement.

For further information:

Helen Middlemist - Deputy Company Secretary - Tel: 0141 225 5900

None of the Existing Ordinary shares, New Ordinary Shares or the B Shares have been or will be registered under U.S. Securities Act of 1933 as amended (the "Securities Act") or the securities laws of any other U.S. jurisdiction, and none of them may be offered or sold in the United States unless pursuant to an exemption from, or in a transaction not subject to the registration requirements of, the Securities Act.

The release, publication or distribution of this announcement in certain jurisdictions may be restricted by law and therefore persons in such jurisdictions into which this announcement is released, published or distributed should inform themselves about and observe such restrictions.

This announcement does not constitute, or form part of, an offer to sell or the solicitation of an offer to subscribe for any securities, nor the solicitation of any vote or approval in any jurisdiction, nor shall there be any sale, issue or transfer of the securities referred to in this announcement in any jurisdiction in contravention of applicable law.

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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