14th Jul 2009 11:02
For Immediate Release 14 July 2009
Rift Oil plc ("Rift" or the "Company")
Notice of Cancellation
Further to the announcement on 16 June 2009 about the recommended proposal for the acquisition by Talisman Energy Holdings Limited ("Talisman") of Rift Oil plc to be implemented by way of a scheme of arrangement, The Directors of Rift announce that application has been made to the London Stock Exchange for the suspension of trading in Rift Shares at 7.00 am on 10 August 2009 and therefore the last day of dealings in Rift Shares will be 7 August 2009, being the day immediately prior to the Court Hearing of the application to confirm the Reduction of Capital.
The Company wishes to notify that application has also been made to the London Stock Exchange for the cancellation of admission to trading on AIM of Rift Shares conditional upon the Scheme being sanctioned by the Court and becoming effective on the Effective Date. The notice period of not less than 20 business days prior to cancellation referred to in Rule 41 of the AIM Rules has commenced today. It is anticipated that cancellation of admission to trading will take effect at 7.00 am on 12 August 2009.
Further Information:
Enquiries:
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Rift Oil PLC
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Ian Gowrie-Smith
David Lees
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+44 (0) 20 7340 9970
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RBC Capital Markets Limited
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(Financial Adviser and Nominated Adviser to Rift)
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Sarah Wharry
Louise Mooney
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+44 (0) 20 7653 4667
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Buchanan Communications
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(Public Relations Adviser to Rift)
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Tim Anderson
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+44 (0) 20 7466 5000
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Isabel Podda
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Related Shares:
Rift Helium