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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Addax Petroleum | LSE:AXC | London | Ordinary Share | CA00652V1022 | COM SHS NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3,005.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMAXC RNS Number : 0774Y Addax Petroleum Corporation 26 August 2009 REGULATORY ANNOUNCEMENT ?The following announcement has been filed on www.sedar.com pursuant to the applicable provisions of National Instrument 51-102 of the Canadian Securities Laws. FORM 51-102F3 Material Change Report +--------------+--------------------------------------------------------------+ | Item 1 | Name and Address of Company | | | | +--------------+--------------------------------------------------------------+ | | Addax Petroleum Corporation ("Addax") | | | 4300 Bankers Hall West | | | 888 - 3rd Street S.W. | | | Calgary, Alberta | | | T2P 5C5 | +--------------+--------------------------------------------------------------+ | Item 2 | Date of Material Changes | | | | +--------------+--------------------------------------------------------------+ | | August 14, 2009 and August 17, 2009 | +--------------+--------------------------------------------------------------+ | Item 3 | News Releases | | | | +--------------+--------------------------------------------------------------+ | | News releases were issued by Sinopec International Petroleum | | | Exploration and Production Corporation ("Sinopec | | | International") on August 14, 2009 and August 17, 2009 and | | | disseminated through the facilities of Canada Newswire. | | | Copies of such news releases are attached to this material | | | change report as Schedule "A". | +--------------+--------------------------------------------------------------+ | Item 4 | Summary of Material Changes | | | | +--------------+--------------------------------------------------------------+ | | On August 14, 2009, Sinopec International announced that | | | Mirror Lake Oil and Gas Company Limited, ("Mirror Lake"), an | | | indirect wholly?owned subsidiary of Sinopec International, | | | had taken up 153,734,120 common shares (the "Common Shares") | | | of Addax, representing approximately 92.67% of the issued | | | and outstanding Common Shares on a diluted basis, pursuant | | | to the offer (the "Offer") of Mirror Lake dated July 9, | | | 2009. Such Common Shares deposited to the Offer were taken | | | up by Mirror Lake on August 14, 2009. | | | On August 17, 2009, Sinopec International announced that | | | Mirror Lake had paid for the Common Shares of Addax that | | | were validly deposited to and not withdrawn from the Offer | | | and that, in connection with the Offer, the board of | | | directors of Addax will be replaced by nominees of Sinopec | | | International, with Mr. Jean Claude Gandur remaining as a | | | director of Addax. | +--------------+--------------------------------------------------------------+ | Item 5 | Full Description of Material Change | | | | +--------------+--------------------------------------------------------------+ | | Sinopec International and Addax announced on August 14, 2009 | | | that Mirror Lake had taken up 153,734,120 Common Shares, | | | representing approximately 92.67% of the issued and | | | outstanding Common Shares on a diluted basis, deposited | | | pursuant to the Offer. | | | On August 17, 2009, Sinopec International announced that | | | Mirror Lake had paid for the Common Shares of Addax that | | | were validly deposited to and not withdrawn from the Offer | | | and that, in connection with the Offer, the board of | | | directors of Addax will be replaced by nominees of Sinopec | | | International, with Mr. Jean Claude Gandur remaining as a | | | director of Addax. | | | See Schedule "A" attached to this material change report. | +--------------+--------------------------------------------------------------+ | Item 6 | Reliance on subsection 7.1(2) or (3) of National Instrument | | | 51-102 | +--------------+--------------------------------------------------------------+ | | Not applicable. | +--------------+--------------------------------------------------------------+ | Item 7 | Omitted Information | | | | +--------------+--------------------------------------------------------------+ | | No information has been omitted from this report on the | | | basis that such information is confidential. | +--------------+--------------------------------------------------------------+ | Item 8 | Executive Officer | | | | +--------------+--------------------------------------------------------------+ | | Mr. David Codd, Chief Legal Officer and Corporate Secretary | | | of Addax is knowledgeable about the material change and may | | | be reached at | | | +41 22 702 9525. | +--------------+--------------------------------------------------------------+ | Item 9 | Date of Report | | | | +--------------+--------------------------------------------------------------+ | | August 26, 2009 | +--------------+--------------------------------------------------------------+ SCHEDULE "A" Sinopec International Takes Up Addax Petroleum Corporation Shares and Extends Tender Offer for Remaining Shares August 14, 2009 - Sinopec International Petroleum Exploration and Production Corporation ("Sinopec International") is pleased to announce that 153,734,120 common shares of Addax Petroleum Corporation ("Addax Petroleum"), which represent approximately 92.67% of the Addax Petroleum common shares on a diluted basis, have been tendered to the offer (the "Offer") dated July 9, 2009 made by Mirror Lake Oil and Gas Company Limited ("Mirror Lake"), an indirect wholly-owned subsidiary of Sinopec International. Since all of the conditions to the Offer have been satisfied, Mirror Lake has taken up all of the Addax Petroleum common shares tendered to the Offer as of this date. Sinopec International would also like to announce that it has extended the expiration date of its Offer pursuant to a provision of the Acquisition Agreement entered into in connection with the Offer that requires Mirror Lake to extend the Offer for at least one 10 day period in order to permit Addax Petroleum shareholders (such as holders of Addax Petroleum common shares under the long term equity incentive plan of Addax Petroleum or on conversion of the convertible bonds of Addax Petroleum) that have not tendered their Addax Petroleum common shares to accept the Offer and tender their Addax Petroleum common shares. The Offer, which was scheduled to expire at 7:00 PM Toronto time, on Friday, August 14, 2009, has been extended until 11:59 PM Toronto time, on Thursday, August 27, 2009. Reader Advisory This announcement is for informational purposes only and does not constitute or form part of any offer or invitation to purchase, acquire, subscribe for, sell, dispose of or issue, or any solicitation of an offer to sell, dispose, issue purchase, acquire or subscribe for any security. The Offer (including any variation or extension in accordance with applicable securities laws) is being made exclusively by means of, and subject to the terms and conditions set out in the Offer documentation to be delivered to Addax Petroleum shareholders and filed with the Canadian provincial securities regulators and the UK Listing Authority. Shareholders of Addax Petroleum should read these materials carefully as they contain important information, including the terms and conditions of the Offer. The Offer documentation is or will be available electronically without charge at www.sedar.com. For further information, please contact any of the following: Sinopec International Petroleum Exploration and Production Corporation: Mr. Handong Rui Email: hdrui@sipc.cn Sinopec International Pays for Addax Petroleum Corporation Shares and will Appoint New Addax Petroleum Board of Directors August 17, 2009 - Sinopec International Petroleum Exploration and Production Corporation ("Sinopec International") is pleased to announce that it has paid for the common shares of Addax Petroleum Corporation ("Addax Petroleum") that were validly deposited to and not withdrawn from the offer (the "Offer") dated July 9, 2009 made by Mirror Lake Oil and Gas Company Limited ("Mirror Lake"), an indirect wholly-owned subsidiary of Sinopec International. As previously announced by Sinopec International, as of August 14, 2009, an aggregate of 153,734,120 Addax Petroleum common shares, representing approximately 92.67% of the Addax Petroleum common shares on a diluted basis, were tendered to the Offer. In connection with the Offer, the board of directors of Addax Petroleum will be replaced by nominees of Sinopec International, with Mr. Jean Claude Gandur remaining as a director of Addax Petroleum. As previously announced, Sinopec International has extended the expiration date of its Offer. The Offer, which originally was scheduled to expire on Friday, August 14, 2009, has been extended until 11:59 PM Toronto time, on Thursday, August 27, 2009. Reader Advisory This announcement is for informational purposes only and does not constitute or form part of any offer or invitation to purchase, acquire, subscribe for, sell, dispose of or issue, or any solicitation of an offer to sell, dispose, issue purchase, acquire or subscribe for any security. The Offer (including any variation or extension in accordance with applicable securities laws) is being made exclusively by means of, and subject to the terms and conditions set out in the Offer documentation to be delivered to Addax Petroleum shareholders and filed with the Canadian provincial securities regulators and the UK Listing Authority. Shareholders of Addax Petroleum should read these materials carefully as they contain important information, including the terms and conditions of the Offer. The Offer documentation is or will be available electronically without charge at www.sedar.com. For further information, please contact any of the following: Sinopec International Petroleum Exploration and Production Corporation: Mr. Handong Rui Email: hdrui@sipc.cn This information is provided by RNS The company news service from the London Stock Exchange END MSCCKAKPOBKDCFB
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