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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Bridge Energy | LSE:BRDG | London | Ordinary Share | NO0010566235 | ORD NOK1 (DI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 152.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMBRIDGE 13 November 2013 Bridge Energy ASA ("Bridge", "Group" or "the Company") Announcement from Spike Exploration Holding AS Bridge, the Oslo Børs and AIM listed oil and gas exploration and production company (OSE:BRIDGE/AIM:BRDG.L), notes the announcement by Spike Exploration Holding AS ("Spike" or the "Offeror") today in relation to its voluntary tender offer (the "Offer") to acquire all outstanding shares in Bridge Energy ASA. Spike has informed the Company that Settlement of the Offer was completed on 13 November 2013. Following the settlement, the Offeror owns 61,943,520 Shares, representing approximately 97.7 % of the shares and votes in the Company. Following completion of the Offer, the Offeror intends to initiate a compulsory acquisition of the remaining Shares in the Company not owned by the Offeror in accordance with applicable laws, and to propose that the Company applies for a delisting of the Shares from the Oslo Stock Exchange and AIM UK. It is expected that a compulsory acquisition of the remaining Shares in the Company will be effectuated during the week starting 18 November 2013. The full text of Spike Exploration Holding AS announcement is below: Voluntary offer for shares in Bridge Energy ASA completed NOT FOR DISTRIBUTION IN OR INTO AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL Stavanger, 13 November 2013 - Reference is made to the offer document dated 3 October 2013 (the "Offer Document"), issued by Spike Exploration Holding AS (the "Offeror"), relating to its voluntary tender offer (the "Offer") to acquire all outstanding shares (the "Shares") in Bridge Energy ASA (the "Company"). Settlement of the Offer was completed on 13 November 2013. Following the settlement, the Offeror owns 61,943,520 Shares, representing approximately 97.7 % of the shares and votes in the Company. Following completion of the Offer, the Offeror intends to initiate a compulsory acquisition of the remaining Shares in the Company not owned by the Offeror in accordance with applicable laws, and to propose that the Company applies for a delisting of the Shares from the Oslo Stock Exchange and AIM UK. It is expected that a compulsory acquisition of the remaining Shares in the Company will be effectuated during the week starting 18 November 2013. *** The Offer and the distribution of this announcement and other information in connection with the Offer may be restricted by law in certain jurisdictions. Spike Exploration does not assume any responsibility in the event there is a violation by any person of such restrictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions. Contacts Spike Exploration Holding AS Bjørn Inge Tønnessen, CEO, +47 902 01 289, bit@spike-x.com Harald Vabø, Chairman, +47 917 11 209, harald.vabo@hitecvision.com This information is subject to the disclosure requirements set out in section 6-19 of the Norwegian Securities Trading Act. Ends - For further information, please contact: Bridge Energy Tom Reynolds, Chief Executive tom.reynolds@bridge-energy.com Aberdeen +44 1224 659 120 Euan Tait, Corporate Development euan.tait@bridge-energy.com Aberdeen +44 1224 659 120 Cenkos Securities Jon Fitzpatrick +44 207 397 1951 Neil McDonald +44 131 220 9771 FTI Consulting Edward Westropp/Natalia Erikssen +44 20 7831 3113 Edward.Westropp@fticonsulting.com Statutory guidance statements This information is subject to disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. Notes to Editors Bridge Energy is an oil and gas exploration and production company which holds production licences in the UK (North Sea) Continental Shelf and exploration assets in both the UK and Norwegian Continental Shelves. The company is listed on the Oslo stock exchange (OSE: BRIDGE) and the London stock exchange (AIM: BRDG.L). The Company has a significant number of licences both within the UK and NCS, including several operatorships. Bridge has drilled 19 exploration and appraisal wells, including ten discoveries. Underpinned by existing production from its operated Victoria field, non-operated Duart field, non-operated Boa field, Bridge boasts a high impact exploration portfolio with a strong inventory of undeveloped gas discoveries which represents a sustainable business platform for production and exploration growth in the North Sea. For more information please visit: www.bridge-energy.com This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Bridge Energy ASA via Thomson Reuters ONE HUG#1742835 http://www.bridge-energy.no/
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