Replacement of Letter of Inte

RNS Number : 0440T

Schroders PLC

21 September 2010

 



Correction to Lapse of Letter of Intent: Offer by Korea National Oil Corporation for Dana Petroleum plc (RNS9994S)

Further to the notification made on 20 September 2010 (RNS No 9994S), the sale of 91,098 shares disclosed on 17 September 2010 (RNS9231S) was erroneously omitted from the notification.  The submission should have read as follows.

On 19 August 2010, Schroder Investment Management Limited provided a letter of intent regarding our intention to vote in relation to the proposal with regard to 14,315,380 shares.

Since then, notifications have been made in accordance with The City Code on Takeovers and Mergers, Rule 2.11 (d)(i), advising that we had disposed of 11,398,732 shares, reducing the number of share that are subject to the letter of intent to 2,916,648.

In accordance with The City Code on Takeovers and Mergers, Rule 2.11 (d)(i), we advise that  we  have disposed of the following shares and are no longer in a position to accept or procure the acceptance of the Offer, in relation to those shares;

·      20 September 2010 - sale   384,079 shares

Our intention in respect of 2,532,569 shares, being the remainder, remains as described in our Letter of Intent.

Chris Melrose

Manager, AML & Disclosure

Schroders Group Compliance

Tel:  [phone]

Fax: [phone]

e-mail: [e-mail]

 

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