Announcement Regarding Takeover Speculation

RNS Number : 8159W

San Leon Energy PLC

24 August 2015

 

This is an announcement falling under Rule 2.4 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2013 (the "Takeover Rules").

24 August 2015

San Leon Energy plc

("San Leon")

Announcement Regarding Takeover Speculation

The Board of San Leon notes the takeover speculation regarding San Leon in yesterday's press.  The Board of San Leon confirms that it has received an approach from a possible offeror, that may or may not lead to an offer being made for San Leon. 

This announcement does not constitute an announcement of a firm intention to make an offer under Rule 2.5 of the Takeover Rules.

There can be no certainty that an offer will be made or as to the terms on which any offer might be made.

A further announcement will be made, as appropriate, in due course.

Enquiries:

San Leon Energy plc  Oisin Fanning, Executive Chairman	[phone]
Westhouse Securities Ltd Nominated Adviser Richard Johnson Antonio Bossi	[phone]
Vigo Communications Financial Public Relations Chris McMahon Alexandra Roper	[phone]

Rule 2.10 disclosure

San Leon announces, in accordance with Rule 2.10 of the Takeover Rules, that at the close of business on 21 August 2015, San Leon had the following relevant securities (within the meaning of the Takeover Rules) in issue: 61,809,052 shares (excluding shares held in Treasury). The ISIN reference number for these securities is IE00BWVFTP56.

About San Leon

San Leon Energy plc is dedicated to maximising value in energy exploration and production.  We have a balanced portfolio of conventional and shale assets across Europe and North Africa.

A copy of this announcement will be available on San Leon's website at www.sanleonenergy.com.   

The Directors of San Leon accept responsibility for the information contained in this announcement. To the best of their knowledge and belief (having taken all reasonable care to ensure such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.

A person interested in 1% or more of any class of relevant securities of San Leon may have disclosure obligations under Rule 8.3 of the Takeover Rules, effective from the date of this announcement. 

A disclosure table, giving details of the companies in whose "relevant securities" "dealings" should be disclosed can be found on the Irish Takeover Panel's website at www.irishtakeoverpanel.ie. "Interests in securities" arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an "interest" by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities. Terms in quotation marks are defined in the Irish Takeover Rules, which can be found on the Irish Takeover Panel's website.

If you are in any doubt as to whether or not you are required to disclose a "dealing" under Rule 8, please consult the Irish Takeover Panel's website at www.irishtakeoverpanel.ie or contact the Irish Takeover Panel on telephone number [phone]; fax number [phone].

Westhouse Securities Limited, which is authorised and regulated in the United Kingdom by the Financial Conduct Authority, is acting exclusively for San Leon and for no one else in connection with the subject matter of this announcement and will not be responsible to anyone other than San Leon for providing the protections afforded to its clients or for providing advice in connection with the subject matter of this announcement or any transaction or arrangement referred to herein. Neither Westhouse Securities Limited, nor any of its subsidiaries, branches or affiliates owes or accepts any duty, liability or responsibility whatsoever (whether direct or indirect, whether in contract, in tort, under statute or otherwise) to any person who is not a client of Westhouse Securities Limited in connection with the subject matter of this announcement.

 

END

 

 

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