TERMINATION OF POSSIBLE OFFER DISCUSSIONS

RNS Number : 5185M

San Leon Energy PLC

21 January 2016

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY (IN WHOLE OR IN PART) IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION

21 January 2016

For immediate release

San Leon Energy plc ("San Leon")

TERMINATION OF POSSIBLE OFFER DISCUSSIONS

The Board of San Leon notes that an offer period under the Irish Takeover Panel Act, 1997, Takeover Rules, 2013 (the "Takeover Rules") in relation to San Leon commenced with effect from its announcement dated 24 August 2015.  The Board of San Leon confirms however that the potential offeror has not made an offer for San Leon and the potential offeror has terminated all discussions with the Board of San Leon in relation to the possible offer.

The disclosure table on the Irish Takeover Panel's website will be amended by removing San Leon from the table, if and when the Irish Takeover Panel confirms that the offer period has been terminated.

This is an announcement falling under the Takeover Rules.

San Leon continues to advance its existing portfolio and to explore other opportunities, and looks forward to updating shareholders shortly.

Enquiries:

Press enquiries: San Leon                                                                                                  Oisin Fanning, Executive Chairman [phone] Stockdale Securities Nominated Adviser Richard Johnson T: [phone] Antonio Bossi

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.

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 the announcement of 24 August 2015.  

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].

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.

 

END

 

 

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