Result of Tender Offer

RNS Number : 7723I

Aurora Russia Limited

04 June 2014

 



Aurora Russia Limited

4 JUNE 2014

RESULT OF TENDER OFFER

Aurora Russia Limited ("Aurora Russia" or "the Company") announces the result of the Tender Offer announced on 1 May 2014.

A total of 66,171,096 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 at a price of 27.5454 pence per Share and excess tenders will be satisfied to the extent of approximately 3.717 per cent. of the excess shares tendered. Therefore, 29,651,486 shares will be repurchased at 27.5454 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 or around 11 June 2014. Balance certificates will be despatched in respect of tendered shares that were not accepted to the Tender on or around 11 June 2014.

Following the implementation of the Tender Offer and the cancellation, the Company will have 44,611,131 shares in issue (being 74,262,617 shares in issue less 29,651,486 shares being repurchased under the Tender Offer and subsequently cancelled).

Terms used in this announcement shall, unless the context otherwise requires, bear the meaning given to them in the Circular.

Aurora Russia expects to publish its financial report for the year ended 31 March 2014 in mid July 2014 and printed copies will be despatched to all shareholders as soon as possible thereafter.

ENQUIRIES
Aurora Russia Limited
Gilbert Chalk	[phone]
Numis Securities Limited	[phone]
Nominated Adviser: Hugh Jonathan
Corporate Broking: Nathan Brown
FTI Consulting	[phone]
Jack Hickey

IMPORTANT INFORMATION

Defined terms used in this announcement shall, unless the context otherwise requires, have the same meanings set out in the Company's circular.

This announcement and the information contained herein is not for publication, release or distribution, directly or indirectly, in or into the United States, Australia, Canada, Japan or South Africa or any jurisdiction in which the same would be unlawful.

Numis Securities Limited ("Numis"), which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting for the Company and is acting for no-one else in connection with the Tender Offer and will not be responsible to anyone other than the Company for providing the protections afforded to its clients nor for providing advice in relation to the Tender Offer or any other matter referred to herein. To the fullest extent permitted by law recipients agree that Numis shall not have any liability (direct or indirect) for or in connection with this announcement or any matters arising out of or in connection herewith. Numis has not authorised the contents of, or any part of, this announcement

 

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