10th Oct 2014 07:00
European Islamic Investment Bank plc
(the "Company" or "EIIB")
Extension of Tender Offer period
Further to the announcement of 4 August 2014 and the circular published around that time explaining the terms of a tender offer for up to £20 million (the "Tender Offer") and as mentioned in the announcement of the Company's interim results on 25 September 2014, EIIB announces that it remains in discussions with the regulator and has therefore decided to extend the timetable for the Tender Offer.
Consequently, the Company has agreed with Westhouse Securities Limited ("Westhouse") that the Tender Offer will remain open for acceptances until 28 November 2014. EIIB is working closely with the regulator to implement the Tender Offer within this timetable. If the Tender Offer cannot be implemented by 28 November 2014 EIIB will seek a further extension to the timetable.
A revised timetable in relation to the Tender Offer is set out below.
Enquiries:
European Islamic Investment Bank plc | Tel: +44 (0)20 7847 9900 |
Zulfi Caar Hydari, CEO |
|
Westhouse Securities | Tel: +44 (0)20 7601 6100 |
Antonio Bossi |
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EXPECTED TIMETABLE OF EVENTS
Posting of Circular | 1 August 2014 |
Record date for the Tender Offer | close of business on 28 November 2014 |
Latest time and date for receipt of Tender Offer Application Forms and TTE Instructions in relation to Tender Offer | 1.00 pm on 28 November 2014 |
Announcement of take-up level under the Tender Offer | 7.00 am on 1 December 2014 |
Trade Date | 3 December 2014 |
Settlement date for the Tender Offer: cheques despatched and assured payments made through CREST | 5 December 2014 |
Balancing share certificates dispatched to Shareholders and CREST accounts settled by | 5 December 2014 |
The above times and/or dates are indicative only and may change. If any of the above times and/or dates change, the revised times and/or dates will be notified to Shareholders by announcement through a Regulatory Information Service.
All references to times in this announcement are to London times unless otherwise stated.
Related Shares:
Rasmala