5th Oct 2009 07:00
Not for release, publication or distribution in whole or in part directly or indirectly in or into or from Canada, Australia, Japan or any other jurisdiction where it would be unlawful to do so.
05 October 2009
Eurasian Natural Resources Corporation PLC
Update
Eurasian Natural Resources Corporation PLC ('ENRC') confirms that the offer document to be posted to shareholders of Central African Mining & Exploration Company plc ('CAMEC') in connection with ENRC's recommended offer for CAMEC will now, with the consent of CAMEC and the Panel, be posted on or before 9 October 2009.
- ENDS -
For further information, please contact:
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ENRC: Investor Relations |
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Mounissa Chodieva |
+44 (0) 20 7389 1879 |
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James S Johnson |
+44 (0) 20 7389 1862 |
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Marianna Adams |
+44 (0) 20 7389 1886 |
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ENRC: Press Relations |
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Julia Kalcheva |
+44 (0) 20 7389 1861 |
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M: Communications (Public Relations advisor to ENRC) |
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Hugh Morrison |
+44 (0) 20 7920 2334 |
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Edward Orlebar |
+44 (0) 20 7920 2323 |
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Elly Williamson |
+44 (0) 20 7920 2339 |
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BMO Capital Markets Limited (Financial adviser to ENRC) |
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William Smith |
+44 (0) 207 664 8120 |
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Derk Hartman |
+44 (0) 207 664 8125 |
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Robin Birchall |
+44 (0) 207 664 8122 |
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CAMEC: Investor Relations |
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Jeremy Gray |
+44 (0) 203 205 1469 |
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Financial Dynamics (Public Relations adviser to CAMEC) |
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Ben Brewerton |
+44 (0) 207 269 7279 |
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Renaissance Capital Limited (Financial adviser to CAMEC) |
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Andrew Hayes |
+44 (0) 207 367 7777 |
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Toby Mannock |
+44 (0) 207 367 7777 |
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Seymour Pierce Limited (Rule 3 adviser to CAMEC) |
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Jonathan Wright |
+44 (0) 207 107 8000 |
BMO Capital Markets Limited, which is regulated in the United Kingdom by the Financial Services Authority, is acting for ENRC and no one else in connection with the Offer and will not be responsible to anyone other than ENRC for providing the protections afforded to BMO Capital Markets Limited clients nor for providing advice in relation to the Offer nor any other matter referred to herein.
Renaissance Capital Limited, which is regulated in the United Kingdom by the Financial Services Authority, is acting for CAMEC and no one else in connection with the Offer and will not be responsible to anyone other than CAMEC for providing the protections afforded to Renaissance Capital Limited clients nor for providing advice in relation to the Offer nor any other matter referred to herein.
Seymour Pierce Limited, which is regulated in the United Kingdom by the Financial Services Authority, is acting for CAMEC and no one else in connection with the Offer and will not be responsible to anyone other than CAMEC for providing the protections afforded to Seymour Pierce Limited clients nor for providing advice in relation to the Offer nor any other matter referred to herein.
The Offer is not being, and will not be, made, directly or indirectly, in or into, Canada, Australia or Japan and the Offer will not be capable of acceptance from or within Canada, Australia or Japan.
This announcement does not constitute, or form any part of, any offer for, or solicitation of any offer for, securities. Any acceptance or other response to the Offer should be made on the basis of the information contained in the Offer document and the form of acceptance.
Dealing Disclosure Requirements
Under the provisions of Rule 8.3 of the United Kingdom's 'Takeover Code' (the "Code"), if any person is, or becomes, "interested" (directly or indirectly) in 1% or more of any class of "relevant securities" of ENRC or CAMEC, all "dealings" in any "relevant securities" of that company (including by means of an option in respect of, or a derivative referenced to, any such "relevant securities") must be publicly disclosed by no later than 3.30 pm (London time) on the London business day following the date of the relevant transaction. This requirement will continue until the date on which the offer becomes, or is declared, unconditional as to acceptances, lapses or is otherwise withdrawn or on which the "offer period" otherwise ends. If two or more persons act together pursuant to an agreement or understanding, whether formal or informal, to acquire an "interest" in "relevant securities" of ENRC or CAMEC, they will be deemed to be a single person for the purpose of Rule 8.3.
Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevant securities" of ENRC and CAMEC by ENRC or CAMEC, or by any of their respective "associates", must be disclosed by no later than 12.00 noon (London time) on the London business day following the date of the relevant transaction.
A disclosure table, giving details of the companies in whose "relevant securities" "dealings" should be disclosed, and the number of such securities in issue, can be found on the Takeover Panel's website at www.thetakeoverpanel.org.uk.
"Interests in securities" arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an "interest" by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities.
Terms in quotation marks are defined in the Code, which can also be found on the Panel's website. If you are in any doubt as to whether or not you are required to disclose a "dealing" under Rule 8, you should consult the Panel.
Related Shares:
ENRC.L