19th Jun 2015 12:45
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.
FOR IMMEDIATE RELEASE
19 June 2015
MICROSITE FOR RECOMMENDED CASH OFFER
Emirates National Oil Company Ltd. (ENOC) L.L.C. ("ENOC") announces that the dedicated microsite to provide information for shareholders in respect of the recommended cash offer for the shares in Dragon Oil plc ("Dragon Oil") not already owned by ENOC can be accessed at: www.dragonoiloffer.com.
This microsite includes frequently asked questions, a copy of the recommended cash offer announcement made on 15 June 2015 (the "Offer Announcement") and the Dragon Oil operational update contained in Section 9 of the Offer Announcement ("Update in relation to certain aspects of the Dragon Oil business").
The offer document will be published on the microsite no later than Monday 13 July, being 28 days after the date of the Offer Announcement.
Enquiries:
ENOC Aakash Nijhawan Norman Blake Vedant Venkatesh Aya Yassein Mariya Idenova
| +971 4 313 4700 | |
Barclays Bank plc, acting through its Investment Bank ("Barclays") (Financial Adviser to ENOC) Julian Vickers Derek Shakespeare Khaled El Dabag Simon Oxley Hugh Moran
| +44 (0) 20 7623 2323
| |
Bell Pottinger (Communications Adviser to ENOC) Gavin Davis Lorna Cobbett Henry Lerwill | +44 (0) 2037722500 | |
Legal information
The release, publication or distribution of this announcement in or into certain jurisdictions may be restricted by the laws of those jurisdictions. Accordingly, copies of this announcement and all other announcements relating to the combination are not being, and must not be, released, published, mailed or otherwise forwarded, distributed or sent in, into or from any restricted jurisdiction. Persons receiving such announcements (including, without limitation, nominees, trustees and custodians) should observe these restrictions. Failure to do so may constitute a violation of the securities laws of any such jurisdiction. To the fullest extent permitted by applicable law, the companies involved in the combination disclaim any responsibility or liability for the violations of any such restrictions by any person.
The Directors of ENOC accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the Directors of ENOC (who have taken all reasonable care to ensure that such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.
Barclays, who are authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority, are acting exclusively for ENOC and for no-one else in connection with the matters set out in this announcement and will not be responsible to anyone other than ENOC for providing the protections afforded to the clients of Barclays or for providing advice in connection with the matters set out in this announcement.
A copy of this announcement will be available at www.dragonoiloffer.com. The content of the website referred to in this announcement is not incorporated into and does not form part of this announcement.
This announcement is not intended to, and does not, constitute or form part of any offer, invitation or the solicitation of an offer to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities whether pursuant to this announcement or otherwise.
Dealing Disclosure Requirements
Under the provisions of Rule 8.3 of the Irish Takeover Rules, if any person is, or becomes, "interested" (directly or indirectly) in 1% or more of any class of "relevant securities" of Dragon Oil or ENOC, all "dealings" in any "relevant securities" of Dragon Oil or ENOC (including by means of an option in respect of, or a derivative referenced to, any such "relevant securities") must be publicly disclosed by not later than 3:30 p.m. (Irish time) on the "business day" following the date of the relevant transaction. This requirement will continue until the date on which the Scheme becomes effective or on which the "offer period" otherwise ends. If two or more persons co-operate on the basis of any agreement either express or tacit, either oral or written, to acquire an "interest" in "relevant securities" of Dragon Oil or ENOC, they will be deemed to be a single person for the purpose of Rule 8.3 of the Irish Takeover Rules. Under the provisions of Rule 8.1 of the Irish Takeover Rules, all "dealings" in "relevant securities" of Dragon Oil by ENOC or "relevant securities" of ENOC by Dragon Oil, or by any person "acting in concert" with either of them must also be disclosed by no later than 12 noon (Irish time) on the "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 can be found on the Irish Takeover Panel's website at www.irishtakeoverpanel.ie. "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 Irish Takeover Rules, which can be found on the Irish Takeover Panel's website.
If you are in any doubt as to whether or not you are required to disclose a "dealing" under Rule 8, please consult the Irish Takeover Panel's website at www.irishtakeoverpanel.ie or contact the Irish Takeover Panel on telephone number +353 1 678 9020; fax number +353 1 678 9289.
Related Shares:
DGO.L