Announcement of Excercise of

RNS Number : 8378Y

Cadogan Petroleum PLC

11 July 2008

 



11 July 2008

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful

Announcement of Exercise of Over-allotment option: Cadogan Petroleum plc

In connection with the Global Offer in relation to the following Ordinary Shares:

Cadogan Petroleum plc Ordinary Shares of £0.03 each

ISIN Code: GB00B12WC938

Cadogan Petroleum plc ('Cadogan') announces that, in connection with the Global Offer of 66,443,479 Ordinary Shares by Cadogan, UBS Limited, as stabilising manager, has today given notice that it will not be exercising the Over allotment option granted by certain Selling Shareholders over 9,966,514 Ordinary Shares.

The Offer Price of Cadogan Ordinary Shares of £0.03 each was set at 230 pence on 18 June 2008.

The stabilisation period commenced at 08:00 on 18 June 2008 and ended on 10 July 2008.

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

The Global Offer and the distribution of this announcement and other information in connection with the Global Offer in certain jurisdictions may be restricted by law and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This announcement is not an offer to sell, or a solicitation of an offer to buy, securities into or in the United States. The securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered, sold or otherwise transferred in the United States absent registration or an exemption from registration. There will be no public offer of securities in the United States.  

UBS Limited is acting for Cadogan and no one else in connection with the Global Offer and will not be responsible to anyone other than Cadogan for providing the protections afforded to its clients, nor for providing advice in relation to the Global Offer, the contents of this announcement, or any transaction or arrangement referred to herein.  

Defined terms used in this announcement have the same meaning as in the Cadogan's Prospectus dated 18 June 2008 unless the context requires otherwise  

END

 

END

 

 

MSCGGGMNVGNGRZM