14th Sep 2007 15:53
Cairn Energy PLC14 September 2007 Not for release, publication or distribution, in whole or in part, in or into orfrom the United States, Canada, Australia, Japan or any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction Capricorn Oil & Gas Limited (a subsidiary of Cairn Energy PLC) ("Capricorn")offer for Plectrum Energy ("Plectrum") correction of 2.5 Announcement The following news release replaces and corrects the previous Capricorn Oil &Gas Limited 2.5 news release made on Friday 7 September in relation to the levelof irrevocable undertakings disclosed. The irrevocable undertaking from Mr M Evans disclosed in the 2.5 announcementmade on Friday 7 September should read 7,451,504 Plectrum shares, equating toapproximately 4.1 per cent. of issued share capital as at 6 September 2007 andnot 7,551,504 as previously disclosed. The irrevocable undertaking from Mr T Lenehan disclosed in the 2.5 announcementmade on Friday 7 September should read 1,201,371 Plectrum shares, equating toapproximately 0.7 per cent. of issued share capital as at 6 September 2007 andnot 1,701,371 as previously disclosed. Capricorn has received irrevocable undertakings with respect to 42,073,391Plectrum shares equating to approximately 23.3 per cent. of Plectrum's existingissued share capital and has acquired 53,540,000 Plectrum Shares, representing29.7 per cent. of Plectrum's existing issued share capital. Accordingly,Capricorn has acquired or has received irrevocable undertakings in respect of,in aggregate, 95,613,391 Plectrum shares, representing approximately 53.0 percent. of Plectrum's existing issued share capital. ENQUIRIES For further information contact: Cairn/CapricornMike Watts 0131 475 3000Jann BrownSimon Thomson Jefferies InternationalRichard Kent 020 7618 3713 Jefferies International, which is authorised and regulated in the United Kingdomby the Financial Services Authority, is acting as financial adviser to Cairn andCapricorn in connection with the Offer and no-one else and will not beresponsible to anyone other than Cairn and Capricorn for providing theprotections afforded to customers of Jefferies International or for providingadvice in relation to the Offer. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Capricorn Energy PLC