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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Eredene Cap. | LSE:ERE | London | Ordinary Share | GB00B064S565 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 4.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMERE
RNS Number : 4298Q
Eredene Capital PLC
14 October 2013
Date: 14 October 2013 On behalf of: Eredene Capital plc ("Eredene", "Eredene Group" or "the Company") For immediate release
Eredene Capital Plc
Result of Tender Offer
Eredene Capital PLC (AIM: ERE), the AIM quoted investor in Indian infrastructure, announces that, following approval of the proposed Tender Offer by shareholders at the General Meeting of the Company held on 12 September 2013, the necessary Court approval for the Reduction of Capital has also now been received.
The Board also announces that a total of 346,233,002 shares were tendered under the Tender Offer. As a result, the Basic Entitlement of all Shareholders who have validly tendered their shares will be accepted in full and excess tenders will be satisfied to the extent of approximately 0.60668 per cent. of the excess shares tendered. Therefore 115,838,216 shares will be repurchased at 17.2 pence per share by the Company under the Tender Offer and subsequently cancelled.
Payment of the consideration due to Shareholders whose tenders under the Tender Offer have been accepted is expected to be despatched (by cheque or by a CREST payment, as appropriate) on 15 October 2013. Balance certificates will be despatched in respect of non-tendered shares in the week commencing 14 October 2013.
Following the implementation of the Tender Offer and the cancellation, the Company will have 246,156,210 Shares in issue.
Terms used in this announcement shall, unless the context otherwise requires, bear the meaning given to them in the Circular.
For further information:
Eredene Capital PLC Alastair King (Chief Executive) / Gary Tel: +44 20 7448 Varley (Finance Director) 8000 Eredene Capital Advisors Private Limited Ranveer Sharma (Managing Director) Tel: +91 22 6737 Ranveer.Sharma@eredene.com 7373 Numis Securities Limited (Nominated adviser & broker) Tel: +44 20 7260 Heraclis Economides (Nominated Adviser) 1000 / David Benda Redleaf Polhill (Financial PR) Henry Columbine / David Ison / Hannah Fensome Tel: +44 20 7382 eredene@redleafpolhill.com 4720
Notes to Editors:
-- Eredene Capital PLC is a leading UK-based AIM quoted investor in infrastructure projects in India. Following the sale of its stake in OSL, it has a portfolio of eight principal investments in India, seven in port services, warehousing and logistics and one in low-cost housing (www.eredene.com).
-- Eredene trades on the Alternative Investment Market ("AIM") of the London Stock Exchange.
This information is provided by RNS
The company news service from the London Stock Exchange
END
RTEUSVRROSARAAA
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