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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Kalahari Min | LSE:KAH | London | Ordinary Share | GB00B117S132 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 243.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMKAH
RNS Number : 9207X
CGNPC Uranium Resources Co., Ltd
22 February 2012
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION
FOR IMMEDIATE RELEASE
22 February 2012
RECOMMENDED CASH OFFER FOR KALAHARI MINERALS PLC ("Kalahari") BY TAURUS MINERAL LIMITED ("Taurus") (A COMPANY FORMED AT THE DIRECTION OF CGNPC URANIUM RESOURCES CO., LTD. ("CGNPC-URC") AND THE CHINA-AFRICA DEVELOPMENT FUND ("CADFund"))
Compulsory acquisition notices
On 8 December 2011 CGNPC-URC announced that the boards of Kalahari and CGNPC-URC had reached agreement on the terms of a recommended cash offer for the entire issued and to be issued share capital of Kalahari (the "Offer"), the full terms and conditions to which were set out in the offer document issued by Taurus on 5 January 2012.
On 3 February 2012 Taurus declared the Offer unconditional in all respects.
On 14 February 2012 Taurus further announced that the Offer would close at 1:00 p.m. (London time) on 28 February 2012.
On 17 February 2012, Taurus announced its intention to exercise its rights in accordance with sections 974 to 991 of the Companies Act (the "Act") to acquire compulsorily the remaining Kalahari Shares on the same terms as the Offer.
Compulsory Acquisition
Taurus announces that compulsory acquisition notices (the "Notices") pursuant to section 979 of the Act have been posted to those Kalahari Shareholders who have not yet accepted the Offer (the "Non-Assenting Shareholders") setting out the Offeror's intention to acquire compulsorily all remaining Kalahari Shares on the same terms as the Offer.
Unless Non-Assenting Shareholders apply to court and the court orders otherwise, on the expiry of six weeks from the date of the Notices, being 3 April 2012, the Kalahari Shares held by Non-Assenting Shareholders who have not accepted the Offer by 1:00 p.m. (London time) on 28 February 2012 will be acquired compulsorily by Taurus under the terms of the Offer and such Non-Assenting Shareholders will be entitled to 243.55 pence in cash for each Kalahari Share such Non-Assenting Shareholders hold on that date.
This information is provided by RNS
The company news service from the London Stock Exchange
END
CASEALAAAFNAEFF
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