30th Jul 2008 07:00
30 July 2008
AEL AND ROC MERGER
Court Convenes Scheme Meeting
Independent Expert finds Merger Fair and Reasonable
On 16 June 2008 Anzon Energy Limited ("AEL") and Roc Oil Company Limited ("ROC") announced their intention to merge by way of scheme of arrangement ("Merger").
The Federal Court of Australia has today ordered the convening of a meeting of shareholders of AEL ("Scheme Meeting") to enable a vote to be taken on the proposed Merger. The Scheme Meeting will be held at 10am (AEST) on 3 September 2008 at Corrs Chambers Westgarth, Level 32, Governor Phillip Tower, 1 Farrer Place, Sydney, Australia.
Deloitte Corporate Finance Pty Limited, who were commissioned by AEL to prepare an independent expert's report on the Merger, have concluded that the Merger is fair and reasonable and therefore in the best interests of AEL shareholders.
The Boards' of each of AEL and ROC have unanimously agreed to pursue the Merger. The AEL Board has unanimously recommended that AEL shareholders vote in favour of the resolution to approve the Merger at the Scheme Meeting, in the absence of a superior proposal.
Full details of the Merger, including how to vote on the resolution and a full copy of the independent expert's concise report, are included in the Scheme Booklet and Notice of Meeting which will be posted to all AEL shareholders next week. The Scheme Booklet and Notice of Meeting will be announced to AIM and will be available on both the ROC and AEL websites later this week.
If you have any questions in relation to the Merger, please call the Information Line between 9:00am to 5:00pm (AEST) Monday to Friday on 1300 309 234 (within Australia), or 0800 450 974 (within New Zealand), or +61 3 9415 4639 outside Australia and New Zealand.
FOR FURTHER INFORMATION PLEASE CONTACT:
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Mr Andrew Young
Managing Director
Anzon Energy Limited
Telephone: +61 2 9024 3555
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Mr Bruce Clement
Acting Chief Executive Officer
Roc Oil Company Limited
Telephone: +61 2 8356 2000
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Website: www.anzonenergy.com
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Website: www.rocoil.com.au
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Level 13, 90 Arthur Street
North Sydney
New South Wales 2060
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Level 14, 1 Market Street
Sydney
New South Wales 2000
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AEL Financial Adviser
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ROC Financial Adviser
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Robert Sennitt
Division Director
Macquarie Capital Advisers
Telephone: +61 414 295 264
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Bruce McLennan
Managing Director
Gresham Advisory Partners
Telephone: +61 2 9224 0269
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AEL Nominated Adviser
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ROC Nominated Adviser &
UK Corporate Broker
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Fiona Owen
Partner
Grant Thornton UK LLP
Telephone: + 44 20 7383 5100
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Michael Shaw
Partner
Oriel Securities Limited
Telephone: + 44 20 7710 7600
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