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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
EF Realisation | LSE:EFR | London | Ordinary Share | GG00BF243Y95 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 70.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMEFR
RNS Number : 4627B
EF Realisation Company Limited
20 September 2018
The issuer is solely responsible for the content of this announcement.
20 September 2018
EF REALISATION COMPANY LIMITED
In Specie Distribution of Shares in Lonestar Resources US Inc.
We refer to the circular published by the Company on 10 September 2018, containing recommended proposals for winding up the Company and an in specie distribution of shares in Lonestar Resources US Inc. to certain of the Company's Shareholders, a copy of which is available on the National Storage Mechanism at www.morningstar.co.uk/uk/NSM and at www.ecofin.co.uk (the "Circular").
The Board of Directors of EF Realisation Company Limited (the "Company" or "EF Realisation") wishes to clarify one aspect of the Proposals which has arisen since publication of the Circular.
The Circular states that, subject to obtaining the requisite Shareholder approval, those Shareholders holding 75,000 or more shares in the Company ("Shares") as at the Record Date (referred to as "Qualifying Shareholders") will receive an in specie distribution of Lonestar Shares on a pro rata basis in accordance with their respective holdings of Shares.
When determining whether a Shareholder holds the requisite number of Shares in order to be classed as a Qualifying Shareholder, the Company's registrar will only look at the registered holding of the Shares on the Record Date (being the close of business on 24 September 2018). As the registered holding is ascertained by reference to the nominee name which appears on the Company's share register, whether or not a Shareholder is a Qualifying Shareholder shall be determined solely by reference to the holding of the Shareholder whose nominee name appears in the share register. The Company's registrar will not look through to any beneficial holdings of Shares.
It has come to the attention of the Company that certain registered shareholders hold Shares as nominee for a number of beneficial owners and certain of those beneficial owners may have less than 75,000 Shares. In these circumstances, the registered shareholder (or the relevant broker or representative) should seek instructions from the relevant beneficial owners as to whether they wish their nominee to continue to hold any of the Lonestar Shares which are distributed in specie in respect of their beneficial holding or to sell the relevant Lonestar Shares on the beneficial owner's behalf. In such cases the relevant broker or representative should arrange for the Lonestar Shares to be sold on behalf of the beneficial owner following the completion of the in specie distribution.
If Shareholders have any further queries regarding the Proposals they should contact the Company.
Terms defined in this announcement have the same meaning as those contained in the Circular.
Contact:
Ecofin Limited +44(0) 20 7451 2929 / info@ecofin.co.uk
Christopher Rowland
Elspeth Dick
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
MSCSESFISFASEEU
(END) Dow Jones Newswires
September 20, 2018 11:21 ET (15:21 GMT)
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