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Separation Transaction Update

16th Sep 2013 07:00

RNS Number : 0226O
Bumi plc
16 September 2013
 

 

 

 

 

16 September 2013

For Immediate Release

 

 

Bumi plc ("Bumi" or the "Company")

 

Separation Transaction Update

 

On 9 September 2013 the Company announced that, amongst other things, discussions were on-going regarding certain outstanding items relating to the separation of the Company from the Bakrie Group and PT Bumi Resources Tbk (the "Separation") that remained outstanding and that are outside of the Company's control.

 

The Company continues to work towards bringing the Separation to fruition on the financial terms previously announced on 18 July 2013. In this connection it has agreed to modify certain of the conditions to, and timing of, the closing of the Separation in order to facilitate the resolution of certain outstanding items as a result of which it is anticipated that the Bumi shareholder circular will be published in October 2013 and that completion of the Separation will occur by the end of November 2013.

 

Negotiations regarding these outstanding items are continuing and a further update will be provided to shareholders as and when appropriate.

 

-ENDS-

 

For enquiries, please contact:

 

Bumi plc

Jayesh Pankhania

+44 (0) 20 7201 7500

 

RLM Finsbury

Ed Simpkins / Charles O'Brien

+44 (0) 20 7251 3801

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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