Amerisur Resources Share Discussion Threads

[mark of the rushes] 17/1/2020 11:41

I believe the payment deadline is 30th Jan.

[griffinred] 17/1/2020 11:33

Anyone know how soon will we see our cash. I feel like I've been mugged, the mugger then feels sorry for me and gives me half my cash back before running off laughing.

[kerri28] 17/1/2020 08:41

Goodbye all. It's been a pleasure reading all your informative posts. Health and happiness to you all and the best of luck for the future. X

[megsidi] 17/1/2020 08:28

BD, think that sums it up nicely. 14 years of hope down the pan. Coupled with the drummer of one of my favourite rock bands recently passing, I feel a big chunk of my childhood/life has suddenly vanished. Good luck to you all and the best of health.

[philwalker36] 17/1/2020 07:46

Bye allGood luck

[ianguerin] 16/1/2020 21:20

AAZ - a company run by directors whose interests are aligned with shareholders

[3roach] 16/1/2020 20:31

Adios Amer, will miss checking in.
Glad to be done, lessons learnt.
Pastures new await.

[the dark horse] 16/1/2020 20:02

Only sprats M, we never got the mackerel we all hoped for :(ATBtdh

[marnewton] 16/1/2020 16:28

My farewell tip: KEFI

The gold chart got me looking at mining shares...I alighted on KEFI as the best risk/reward.

So long and thanks for all the fish;¬)

M

[bryet] 16/1/2020 16:17

Anyone gone any tips for 2020?.

[moneylender] 16/1/2020 16:05

Bryet, simple, the directors lied!

QED

[tommygriff] 16/1/2020 16:03

Nice how Geopark think it's manageable with 3 directors in lieu of 6

[bryet] 16/1/2020 14:07

What happened to that £1 by Xmas?.

[moneylender] 16/1/2020 14:01

Gone forever, the lights are out!

SCHEME OF ARRANGEMENT BECOMES EFFECTIVE

Further to the announcement by Amerisur and GeoPark on 14 January 2020, the boards of Amerisur and GeoPark are pleased to announce that, following the delivery of the Court Order to the Registrar of Companies, the scheme of arrangement under Part 26 of the Companies Act (the "Scheme") by which the recommended cash acquisition of Amerisur by GeoPark Colombia is being implemented has now become Effective in accordance with its terms as set out in the scheme document published by Amerisur on 28 November 2019 (the "Scheme Document"). All Amerisur Shares in issue at 6.00 p.m. on 15 January 2020 are subject to the Scheme.

Suspension and cancellation of trading of Amerisur Shares

Dealings in Amerisur Shares on AIM were suspended with effect from 7.30 a.m. today, 16 January 2020, and the admission to trading of Amerisur Shares on AIM will be cancelled with effect from 7.00 a.m. tomorrow, 17 January 2020.

Consideration due to Scheme Shareholders

The consideration of 19.21 pence per Amerisur Share payable to Scheme Shareholders on the register of members of Amerisur at 6.00 p.m. on 15 January 2020 will be paid by GeoPark Colombia no later than 14 days after today's date. Settlement of the consideration to which any Scheme Shareholder is entitled will be effected (i) by way of the despatch of cheques, or (ii) the crediting of CREST accounts (for Scheme Shareholders holding Amerisur Shares in certificated form and in uncertificated form respectively).

Changes to the Board of Directors

Further to the disclosure in the Scheme Document, as the Scheme has now become Effective, Giles Clarke (Chairman), John Wardle (Chief Executive Officer), Nick Harrison (Chief Financial Officer), Alex Snow (Senior Independent Director), Chris Jenkins (Independent Non-Executive Director) and Elodie Grant Goodey (Independent Non-Executive Director) have each resigned from the Amerisur Board, with effect from today, 16 January 2020.

James Franklin Park, Pedro Enrique Aylwin Chiorrini and Andres Ocampo have each been appointed to the Amerisur Board, with effect from today, 16 January 2020.

[moneylender] 16/1/2020 08:04

Shares suspended pending an announcement.

Closed for business, sold all mine yesterday.

Over and out and thanks all.

[al101uk] 15/1/2020 16:49

That's it, game over... last one out turn off the lights... it's done.

Thanks again for the fun times and good conversation... let all your future investments be good ones... or at least better than this.

[bryet] 15/1/2020 15:42

Better to boil them in oil it would be more satisfactory!.

[charlieeee] 15/1/2020 11:42

That, Tony, does provide a crumb of comfort!

GLA

[tonyrelaxes] 15/1/2020 11:32

Tommy, Eddie - me too.

And that's how Rex thought, and did. Very successfully.

I wonder if the BoD ever think what their investment and rewards in AMER would have been worth but for his actions?

[eddie_yates] 15/1/2020 10:30

Me too Tommy if I get half a chance!!

[tyler durden1] 15/1/2020 08:32

ooooh. Too much information before breakfast!

RIP Amerisur

[rich2006] 14/1/2020 21:25

Or if you have options to cash in.
Over £8mm for selling the company down the river.
A list of shame needs to be published to show how the board acted in their own interest and not shareholders.


RNS Number : 8047Z

Amerisur Resources PLC

14 January 2020

14 January 2020

Exercise of share options by PDMRs, issue of ordinary shares in Amerisur Resources plc to satisfy share options, application for admission to trading in respect of such ordinary shares and confirmation of total voting rights following issue of ordinary shares

As separately announced by Amerisur Resources plc ("Amerisur"), the oil and gas producer and explorer focused on Colombia, the Court has today sanctioned a scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme"). Under the Scheme, the recommended cash acquisition pursuant to which GeoPark Colombia S.A.S. will acquire the entire issued and to be issued ordinary share capital of Amerisur (the "Transaction") will be implemented with the effective date expected to be 16 January 2020.

Issue of ordinary shares to satisfy share options following their exercise

Following Court sanction of the Scheme, Amerisur announces that it has today issued a total of 42,640,007 ordinary shares of 0.1p each in Amerisur ("Ordinary Shares") to satisfy option exercises under the Company's employee share plans. This comprises the following issues of Ordinary Shares:

-- 20,055,000 Ordinary Shares issued to non-PDMR employees based in the UK and Colombia following the exercise of their options held under the Amerisur Resources plc Long Term Incentive Plan ("LTIP");

-- 11,552,122 Ordinary Shares issued to Tracarta Ltd (a company in which John Wardle, Chief Executive Officer of Amerisur has an interest) following the exercise of its LTIP options as of today's date;

-- 2,032,885 Ordinary Shares issued to Nick Harrison (Chief Financial Officer) following the exercise of his LTIP options as of today's date;

-- 3,000,000 Ordinary Shares issued to satisfy an option granted to Giles Clarke (Chairman) on 22 December 2009, which was exercised on 20 December 2019;

-- 3,000,000 Ordinary Shares issued to satisfy an option held by Tracarta Ltd, which was granted on 22 December 2009 and which was exercised on 20 December 2019; and

-- 3,000,000 Ordinary Shares issued to satisfy an option granted to Nick Harrison on 22 December 2009, which was exercised on 20 December 2019.

Acquisition of Ordinary Shares by GeoPark Colombia S.A.S.

The above 42,640,007 Ordinary Shares will be acquired by GeoPark Colombia S.A.S. on 16 January 2020 under the Scheme, as further explained in the Scheme document sent to shareholders on 28 November 2019.

Application for admission to trading of Ordinary Shares

An application has been made to the London Stock Exchange for admission of the above 42,640,007 Ordinary Shares to trading on AIM ("Admission"). Admission is due to take place on 16 January 2020.

Total Voting Rights

Following the issue of the above Ordinary Shares, the Company will have 1,258,107,775 Ordinary Shares in issue with each share carrying the right to one vote. The total number of voting rights in the Company following Admission will therefore be 1,258,107,775.

The London Stock Exchange will be requested to cancel the admission to trading in the Company's shares on AIM following the Scheme becoming effective.

ENDS