We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Gne Grp | LSE:GNE | London | Ordinary Share | GB0031791899 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 175.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMGNE RNS Number : 3297R Norcliffe Inv Ltd 29 April 2009 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, SOUTH AFRICA, OR JAPAN OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS IN THAT JURISDICTION Embargoed for released at 7.00 a.m. on 29 April 2009 MANDATORY RECOMMENDED CASH OFFER FOR GNE GROUP PLC ("GNE") BY NORCLIFFE INVESTMENTS LIMITED ("Norcliffe" or the "Company") Close of Offer: Valid acceptances received in respect of approximately 92.8% of GNE's issued share capital 29 April 2009 Norcliffe announces that as of 1.00 p.m. (London time) on 28 April 2009, the Closing Date of the Offer, it has received valid acceptances in relation to 5,544,599 GNE Shares representing approximately 39.9% of the ordinary issued share capital of GNE. Following market purchases and the transfer of shares held by associates, Norcliffe owns 7,362,713 GNE Shares representing approximately 52.9% of the ordinary issued share capital of GNE. Therefore, shares owned by Norcliffe and valid acceptances received total 12,908,214 GNE Shares representing approximately 92.8% of the ordinary issued share capital of GNE. Acceptances have been received from all those parties who gave irrevocable undertakings to accept the Offer. As valid acceptances in connection with the Offer, made by Norcliffe, have been received in respect of more than 90 per cent. in value of the GNE Shares to which the Offer relates and in respect of more than 90 per cent. of the voting rights carried by all of the GNE Shares to which the Offer relates, Norcliffe will shortly send notices to non assenting GNE Shareholders implementing the procedures set out in Chapter 3 of Part 28 of the Companies Act 2006 to compulsorily acquire those GNE Shares which have not been assented to the Offer and which are still outstanding at the expiry of the requisite notice period. Terms used in this announcement shall have the same meaning given to them in the Offer Document dated 21 March 2009, unless context requires otherwise. Enquiries Martyn Ratcliffe, Director Graham Warner, Director Norcliffe Investments Limited Tel: 020 7747 5625 Michael Lacey-Solymar Rowena Murray James Ireland Investec Bank plc Tel: 020 7597 5970 (Financial adviser to Norcliffe) This announcement does not constitute, or form part of, any offer for, or any solicitation of any offer for, securities. Any acceptance or other response to the Offer should be made only on the basis of information referred to in the Offer Document. Save as disclosed above or in the Offer Document, no GNE Shares have been acquired or agreed to be acquired by or on behalf of Norcliffe or any person acting in concert with Norcliffe during the Offer Period and neither Norcliffe nor any person acting in concert with Norcliffe has the benefit of any irrevocable commitment or letter of intent in respect of any GNE Shares or has any interest in any GNE Shares, or any short position (whether conditional or absolute and whether in the money or otherwise and including any short position under a derivative), any agreement to sell, any delivery obligation, any right to require another person to purchase or take delivery in respect of any GNE Shares, any right to subscribe for any GNE Shares or any stock borrowing or lending arrangement in respect of any GNE Shares. The availability of the Offer to persons who are not resident in the United Kingdom may be affected by the laws of their relevant jurisdiction. Such persons should inform themselves of, and observe, any applicable legal or regulatory requirements of their jurisdiction. Further details in relation to Overseas Shareholders are contained in the Offer Document. Unless otherwise determined by Norcliffe, the Offer is not being, and will not be, made, directly or indirectly, in or into or by the use of the mails of, or by any means or instrumentality (including, without limitation, telephonically or electronically) of interstate or foreign commerce of, or through any facilities of a national securities exchange of any Restricted Jurisdiction if to do so would constitute a violation of the relevant laws of such jurisdiction, and the Offer should not be accepted by any such use, means, instrumentality or facilities or from or within the a Restricted Jurisdiction. Accordingly, copies of this announcement are not being, and must not be mailed or otherwise forwarded, distributed or sent in, into or from a Restricted Jurisdiction and all persons receiving this announcement (including nominees, trustees and custodians) must not mail or otherwise forward, distribute or send it in, into or from a Restricted Jurisdiction. Doing so may render invalid any purported acceptance of the Offer. Notwithstanding the foregoing, Norcliffe will retain the right to permit the Offer to be accepted and any sale of securities pursuant to the Offer to be completed if, in its sole discretion, it is satisfied that the transaction in question can be undertaken in compliance with applicable law and regulation. This announcement has been approved by for the purposes of section 21 of the Financial Services and Markets Act 200 by Investec Bank plc ("Investec"). Investec, which is authorised and regulated by the Financial Services Authority in the United Kingdom, is acting exclusively for Norcliffe and no one else in connection with the Offer and will not be responsible to anyone other than Norcliffe for providing the protections offered to clients of Investec Bank plc nor for providing advice in relation to the Offer or any other matters referred to in this announcement. This information is provided by RNS The company news service from the London Stock Exchange END OUPEANLPALXNEFE
1 Year Global Natural Energy Chart |
1 Month Global Natural Energy Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions