Bridge Energy ASA Bridge Energy Asa: Proposed Cancellation From Aim

 
TIDMBRIDGE 
 
 
 
   Bridge Energy ASA 
 
   ("Bridge", "Group" or the "Company") 
 
   Proposed Cancellation from AIM 
 
   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 ("Spike" or the "Offeror") confirming completion of 
the settlement of the voluntary tender offer (the "Offer") to acquire 
all outstanding shares in the Company (the "Shares"). Further, it notes 
that the Offeror now 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 
Børs and AIM. It is expected that a compulsory acquisition of the 
remaining Shares in the Company will be carried out during the week 
starting 18 November 2013. 
 
   At the request of the Offeror, the Company is, in accordance with Rule 
41 of the AIM Rules for Companies, notifying its intention to cancel the 
admission to trading on AIM of the Shares (the "Cancellation") and the 
Company confirms that it is applying to the London Stock Exchange for 
Cancellation. 
 
   It is expected that Cancellation will occur at 7.00 a.m. on 17 December 
2013 after which time the Company's Shares will no longer be admitted to 
trading on AIM. 
 
   Following completion of the Offer and the compulsory acquisition of the 
remaining Shares in the Company, the Offeror will be the sole 
shareholder in the Company and it intends to re-register the Company as 
a private limited company. 
 
   The Company confirms that, pursuant to AIM Rule 41, it intends to seek 
Shareholder consent for the Cancellation at a general meeting of the 
Company, and that it intends to give notice to Shareholders convening 
such a general meeting on or around 21 November 2013, subject to 
completion of the compulsory acquisition of the Shares. 
 
   For further information please contact: 
 
   Bridge Energy 
 
   Bill McCall, Chairman                              [phone] 
 
   Cenkos Securities 
 
   Jon Fitzpatrick                                        [phone] 
 
   Neil McDonald                                        [phone] 
 
   FTI Consulting 
 
   Edward Westropp/Natalia Erikssen        [phone] 
 
 
 
 
 
   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#1744004 
 
 
  http://www.bridge-energy.no/