11th Apr 2007 07:00
Cairn Energy PLC11 April 2007 EMBARGOED FOR RELEASE AT 0700 11 April 2007 CAIRN ENERGY PLC ("Cairn") Transaction in Own Shares - Purchase of Retained B Shares The terms of the Return of Cash approved by Shareholders on 22 March 2007enabled Shareholders to sell some or all of their B Shares at £3.00 per B Share,free of all dealing expenses and commissions, through the Future Purchase Offermade by Hoare Govett Limited as agent for ABN AMRO Bank N.V., London Branch("ABN AMRO"). Elections to accept the Future Purchase Offer were received inrespect of 2,874,153 B Shares, representing approximately 1.8 per cent. of the BShares. These B Shares were purchased by the Company from ABN AMRO yesterday foran amount equal to £3.00 per B Share plus the total stamp duty and stamp dutyreserve tax payable by ABN AMRO in respect of its purchase of B Shares and werecancelled by the Company after purchase. Terms defined in the Circular to Shareholders dated 27 February 2007 have thesame meaning when used in this announcement. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Capricorn Energy PLC