7th Apr 2009 07:00
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News Release |
The following announcement was issued to the Australian Securities Exchange (ASX)
at 00.20 hrs BST, 09.20 hrs EST, 7 April 2009
7 April 2009
Close of BG Group's Offer for Pure
BG International (AUS) Pty Limited ("BG AUS"), a wholly owned subsidiary of BG Group plc ("BG Group" - LSE: BG-L), made offers under an off-market takeover bid dated 20 February 2009 to acquire all of the issued shares in Pure Energy Resources Limited ("Pure" - ASX: PES).
BG Group's Offer closed on Monday 6 April 2009 with BG AUS having acquired a relevant interest in 99.74% of Pure shares.
Any Pure shareholder who validly accepted BG Group's Offer before the close of the offer period will receive payment for their shares within 5 business days of BG Group's receipt of that acceptance.
BG AUS has commenced compulsory acquisition of the remaining Pure shares and despatched compulsory acquisition notices to these Pure shareholders on 30 March 2009.
Pure shareholders who have not accepted BG Group's Offer will have their shares acquired under the compulsory acquisition process.
Further information
Pure shareholders with questions relating to the compulsory acquisition of Pure shares can call the BG Group Offer Information Line on 1800 135 831 (toll-free within Australia) or +61 2 8268 3679 (for callers from outside Australia).
Ends.
Notes for Editors
About BG Group
BG Group plc (LSE: BG.L) is a world leader in natural gas, with a strategy focused on connecting competitively-priced resources to specific, high-value markets. Active in 27 countries on five continents, BG Group has a broad portfolio of exploration and production, Liquefied Natural Gas (LNG), transmission and distribution and power generation business interests. It combines a deep understanding of gas markets with a proven track record in finding and commercialising reserves. BG Group now owns 100% of QGC, a Queensland-based company (see below). For further information visit: www.bg-group.com
About QGC
QGC is a leading and award-winning Australian integrated energy business with a strategy focused on developing its world-class coal seam gas reserves in the Surat Basin for domestic supply, power generation and export as LNG. Founded in 2000 as an explorer, QGC now employs more than 300 staff. QGC, already a supplier of natural gas to the Australian domestic market, is developing further domestic supply in addition to the Queensland Curtis LNG Project. For further information visit: www.qgc.com.au
About Pure
Pure Energy Resources Limited was established in 2004 by a group of experienced industry professionals in the coal seam gas industry to identify CSG exploration, development and production opportunities. Pure listed on the Australian Stock Exchange (shares-PES, options-PESO) on 12 September 2006. For further information visit: www.pureenergyresources.com.au
Contacts
Communications Australia
+61 (0) 417 797 419 - Hedley Thomas
+61 (0) 2 8284 9901 - John Hurst (Cannings)
Communications UK
+44 (0) 118 929 3110 / 3508 / 2462
+44 (0) 791 718 5707 - Out of hours media mobile
Investor Relations
+44 (0) 118 929 3025
There are matters discussed in this media information that are forward looking statements. Such statements are only predictions and actual events or results may differ materially. For a discussion of important factors which could cause actual results to differ from the forward looking statements, refer to BG Group plc's annual report and accounts for the year ended 31 December 2008. BG Group plc does not undertake any obligation to update publicly, or revise, forward looking statements, whether as a result of new information, future events or otherwise, except to the extent legally required.
Related Shares:
BG..L