11th Dec 2007 15:57
Eni UK Holding PLC11 December 2007 THIS NOTICE IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PARTIN, INTO OR FROM CANADA OR ANY OTHER JURISDICTION WHERE TO DO SO WOULDCONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION 11 December 2007 FOR IMMEDIATE RELEASE Recommended offer by Eni UK Holding plc ("Eni Holding") for Burren Energy plc ("Burren") Posting of Offer Document Further to the announcement made on 30 November 2007 regarding the recommendedcash offer to be made by Eni Holding, a wholly owned subsidiary of Eni SpA ("Eni") to acquire the entire issued share capital of Burren ("the Offer"), EniHolding announces that the offer document containing the full terms of andconditions to the Offer (the "Offer Document") has today been posted to BurrenShareholders, together with the related Form of Acceptance. The first closing date of the Offer is 10 January 2008. Burren Shareholders are informed that copies of the Offer Document and therelated Form of Acceptance are available for inspection at, and collection from,the offices of Computershare Investor Services PLC, Corporate Actions Projects,The Pavilions, Bridgwater Road, Bristol BS99 6AH on weekdays during normalbusiness hours while the Offer remains open for acceptances. Terms defined in the Offer Document have the same meaning in this announcement. PRESS ENQUIRIES Eni SpAGianni Di GiovanniHead of External Communication+39 02 520 31287 or +39 06 598 23 98 Claudia CarloniHead of Investor Relations+39 02 520 31445 Fabrizio CoscoHead of Company Secretary+39 06 598 22 449 N M Rothschild & Sons LimitedRoger Ader, Neeve Billis or Ed Welsh+44 (0) 207 280 5000 Finsbury LimitedMark Harris or Andrew Mitchell+44 (0) 207 251 3801 BurrenAtul Gupta (Chief Executive Officer) or Andrew Rose (Chief Financial Officer)+44 (0) 207 484 1900 UBS Investment BankAdrian Haxby, David Waring or Neil Patel+44 (0) 207 567 8000 PelhamJames Henderson or Alisdair Haythornthwaite+44 (0) 207 743 6673 The Eni Holding Directors accept responsibility for the information contained inthis announcement. To the best of the knowledge of the Eni Holding Directors(who have taken all reasonable care to ensure that such is the case), theinformation contained in this announcement for which they are takingresponsibility is in accordance with the facts and contains no omission likelyto affect the import of such information. N M Rothschild & Sons Limited, which is authorised and regulated by the FSA inthe United Kingdom, is acting for Eni Holding and Eni in connection with theOffer and no one else and will not be responsible to anyone other than EniHolding and Eni for providing the protections afforded to clients of N MRothschild & Sons Limited nor for providing advice in relation to the Offer orany matter referred to herein. UBS Investment Bank, which is authorised and regulated by the FSA in the UnitedKingdom,,is acting for Burren in connection with the Offer and no one else andwill not be responsible to anyone other than Burren for providing theprotections afforded to clients of UBS Investment Bank nor for providing advicein relation to the Offer or any matter referred to herein. This Announcement does not constitute, or form part of, an offer or aninvitation to purchase or subscribe for any securities. The Offer will be madesolely through the Offer Document, an advertisement to be made in a nationalnewspaper in the UK, and the Form of Acceptance. Eni Holding intends to dispatchsuch documents to Burren Shareholders (and for information only, participants inthe Burren Share Schemes and place such advertisement shortly. The OfferDocument and the Form of Acceptance will together contain the full terms andconditions of the Offer, including details of how to accept the Offer. Anyacceptance or other response to the Offer should be made only on the basis ofthe information contained within the Offer Document and the Form of Acceptance. The availability of the Offer to persons who are not resident in the UnitedKingdom may be affected by the laws of their relevant jurisdiction. Suchpersons should inform themselves of, and observe, any applicable legal orregulatory requirements of their jurisdiction. Further details in relation toOverseas Shareholders will be contained in the Offer Document. The OfferDocument will be made available for public inspection in the United Kingdom. Unless otherwise determined by Eni Holding and subject to any dispensationrequired from the Panel, the Offer will not be made, in whole or in part in,into or from Canada or any other jurisdiction where to do so would constitute aviolation of the relevant laws or regulations of such jurisdiction. Dealing Disclosure Requirements Under the provisions of Rule 8.3 of the Takeover Code (the "Code"), if anyperson is, or becomes, "interested" (directly or indirectly) in 1% or more ofany class of "relevant securities" of Burren, all "dealings" in any "relevantsecurities" of that company (including by means of an option in respect of, or aderivative referenced to, any such "relevant securities") must be publiclydisclosed by no later than 3.30 pm (London time) on the London business dayfollowing the date of the relevant transaction. This requirement will continueuntil the date on which any offer becomes, or is declared, unconditional as toacceptances, lapses or is otherwise withdrawn or on which the "offer period"otherwise ends. If two or more persons act together pursuant to an agreement orunderstanding, whether formal or informal, to acquire an "interest" in "relevantsecurities" of Burren, they will be deemed to be a single person for the purposeof Rule 8.3. Under the provisions of Rule 8.1 of the Code, all "dealings" in "relevantsecurities" of Burren by Eni SpA, Eni Holding or Burren, or by any of theirrespective "associates", must be disclosed by no later than 12.00 noon (Londontime) on the London business day following the date of the relevant transaction. A disclosure table, giving details of the companies in whose "relevantsecurities" "dealings" should be disclosed, and the number of such securities inissue, can be found on the Takeover Panel's website at http://www.thetakeoverpanel.org.uk/new/. "Interests in securities" arise, in summary, when a person has long economicexposure, whether conditional or absolute, to changes in the price ofsecurities. In particular, a person will be treated as having an "interest" byvirtue of the ownership or control of securities, or by virtue of any option inrespect of, or derivative referenced to, securities. Terms in quotation marks are defined in the Code, which can also be found on thePanel's website. If you are in any doubt as to whether or not you are requiredto disclose a "dealing" under Rule 8, you should consult the Panel. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Burford Capital