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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Alto Metals Ltd (delisted) | ASX:ENU | Australian Stock Exchange | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0 | - |
RNS Number:3276N Enneurope PLC 08 July 2003 Enneurope plc ("Enneurope") Recommended Offers for New Opportunities Investment Trust PLC ("NOIT") As stated in the offer announcement released on 24 June 2003, as at that date Enneurope owned or had received irrevocable undertakings to accept the Offers in respect of 6,489,375 NOIT Shares (representing approximately 27.6 per cent. of NOIT's issued ordinary share capital) and 1,199,560 Warrants (representing approximately 27.5 per cent. of the issued Warrants). Since the date of that announcement, Enneurope has received an additional irrevocable undertaking. This irrevocable undertaking was given on 4 July 2003 by EVER 2056 Limited ("EVER 2056"). NOIT holds 998 ordinary shares in EVER 2056 Limited and James Dawnay and Keith Gilham, both directors of NOIT, own 2 ordinary shares. On 7 May 2003 WestLB Panmure made an offer (the "Offer") on behalf of Protherics PLC ("Protherics") to acquire the entire issued and to be issued share capital of Enact Pharma plc ("Enact Pharma"). Under the terms of the Offer, Protherics agreed to acquire Enact Pharma's holding of 2,506,000 redeemable ordinary shares (the "Shares") in NOIT and to transfer the Shares on a pro rata basis to shareholders in Enact Pharma as part consideration under the Offer. NOIT held 10,004,277 shares in Enact Pharma and was therefore entitled to receive 593,253 redeemable ordinary shares in itself. NOIT is prohibited by section 143 Companies Act 1985 from acquiring shares in itself. Accordingly, on 1 July 2003 Protherics transferred 593,253 ordinary shares in NOIT (which NOIT would otherwise have been entitled to receive under the terms of the Offer) to EVER 2056. As a result, Enneurope now owns 877,800 NOIT Shares (representing approximately 3.7 per cent. of NOIT's issued redeemable ordinary share capital) and has received irrevocable undertakings to accept the Offers in respect of 6,204,828 NOIT Shares (representing approximately 26.4 per cent. of NOIT's issued redeemable ordinary share capital). Therefore Enneurope now owns or has received irrevocable undertakings to accept the Offers in respect of 7,082,628 NOIT Shares in aggregate, representing approximately 30.1 per cent. of NOIT's issued redeemable ordinary share capital. Enneurope also currently owns 175,560 Warrants (representing approximately 4.0 per cent. of the issued Warrants) and has received irrevocable undertakings to accept the Offers in respect of 1,024,000 Warrants (representing approximately 23.5 per cent. of the issued Warrants). Therefore Enneurope now owns or has received irrevocable undertakings to accept the Offers in respect of 1,199,560 Warrants in aggregate, representing approximately 27.5 per cent. of the issued Warrants. This announcement is being made as the giving of irrevocable undertakings in these circumstances is disclosable in accordance with Note 6 to Rule 8 of the City Code. Further details of the irrevocable undertakings received to date are set out in paragraph 3 of Part II of the Offer Document. This information is provided by RNS The company news service from the London Stock Exchange END OUPVVLFBXDBBBBE
1 Year Alto Metals Ltd (delisted) Chart |
1 Month Alto Metals Ltd (delisted) Chart |
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