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COV Cove Energy

239.50
0.00 (0.00%)
17 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Cove Energy LSE:COV London Ordinary Share GB0034353531 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 239.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

PTT Gets 91.4% Cove Energy OKs; Offer Unconditional As to Acceptances

31/07/2012 5:39pm

Dow Jones News


Cove Energy (LSE:COV)
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From Jun 2019 to Jun 2024

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LONDON--PTTEP Africa Investment Ltd., a wholly owned subsidiary of PTT Exploration & Production PCL (PTTEP.TH), said Tuesday that Cove Energy PLC (COV.LN) shareholders who collectively own 91.4% of the company have accepted PTT's offer to buy the company, adding that as a result the offer has become unconditional as to acceptances.

MAIN FACTS:

-Has received valid acceptances from Cove Shareholders in respect of 448,624,418 shares

-PTT expects that the Mozambique condition will be satisfied shortly

-Cove shares closed at 238 pence in London valuing the company at GBP1.2 billion.

-Write to Ed Ballard at ed.ballard@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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