4th Apr 2007 09:43
Cairn Energy PLC04 April 2007 4 April 2007 Not for release, publication or distribution in whole or in part outside of theEU and/or EEA Hoare Govett Limited ("Hoare Govett") Cairn Energy PLC ("Cairn Energy") - Initial Purchase Offer for B Shares Hoare Govett (acting as agent for ABN AMRO Bank N.V., London Branch) herebymakes the Initial Purchase Offer (referred to in the circular from Cairn Energyto its Shareholders dated 27 February 2007 (the "Circular")) acting asprincipal, to purchase the 70,685,003 B Shares in respect of which validelections in respect of the Initial Purchase Offer have been received and notwithdrawn. Accordingly, such offer is to purchase those B Shares for £3.00 each,free of all dealing expenses and commissions, in an off-market transaction onthe terms set out in the Circular. Settlement of the purchase of the B Shares purchased under the Initial PurchaseOffer will be made on 11 April 2007 when cheques will be dispatched toShareholders whose B Shares are held in certificated form (that is, not inCREST) and the CREST accounts of Shareholders whose B Shares are held inuncertificated form (that is, in CREST) will be credited with the proceeds ofsale. All definitions used in the Circular apply to this announcement.This announcement has been issued by Hoare Govett which is regulated in theUnited Kingdom by the Financial Services Authority. Enquiries: Hoare Govett: Bertie Whitehead / Tom Perry Telephone +44 (0) 20 7678 8000 Hoare Govett Limited is acting as broker to Cairn Energy PLC and is acting forno one else in connection with the Return of Cash and will not be responsible toanyone other than Cairn Energy PLC for providing the protections afforded tocustomers of Hoare Govett Limited nor for providing advice in connection withthe Return of Cash or the contents of this announcement or any other matterreferred to herein. This announcement does not constitute an offer to sell, invitation to underwriteor subscribe for any securities or investment advice in any jurisdiction.Nothing in this announcement should be taken as constituting an offer of shares in Cairn Energy PLC. This announcement is not for release, publication or distribution, directly orindirectly, outside of the EU and/or EEA or in or into any jurisdiction inwhich the same would be unlawful. This announcement does not constitute an offerto sell or issue, or the solicitation of an offer to buy or subscribe for,securities outside of the EU and/or EEA or in any jurisdiction in which suchoffer or solicitation is unlawful. The distribution of this announcement in or into jurisdictions other than theUnited Kingdom may be restricted by local law and therefore persons into whosepossession this announcement or the Circular come should inform themselves aboutand observe such restrictions. Any failure to comply with these restrictions mayconstitute a violation of the securities laws of any such jurisdiction. None of the B Shares have been or will be registered under the US SecuritiesAct, as amended or the securities laws of any other United States jurisdiction,and none of them may be offered or sold in the United States unless pursuant toan exemption from or in a transaction not subject to the registrationrequirements of the US Securities Act or unless pursuant to a transaction thathas been registered under the US Securities Act and the securities laws of anyother relevant United States jurisdiction. Neither the B Shares nor this announcement have been approved, disapproved orotherwise recommended by the SEC or any United States state securitiescommission or any non-United States securities commission or regulatoryauthority nor have such authorities confirmed the accuracy or determined theadequacy of this announcement or the Circular. Any representation to thecontrary is a criminal offence in the United States. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Capricorn Energy PLC