ROC Merger with AEL Approved

RNS Number : 8128C

Roc Oil Company Limited

05 September 2008

 



5 September 2008 

ROC OIL COMPANY LIMITED ('ROC')

STOCK EXCHANGE RELEASE

ROC MERGER WITH ANZON ENERGY LIMITED ('AEL')

APPROVED BY THE COURT

ROC is pleased to announce that the Court today approved the Scheme of Arrangement ('Scheme') to implement the merger of ROC with AEL. AEL shareholders overwhelmingly approved the Scheme at a meeting on 3 September 2008, with 99.92% of the vote in favour of the merger.  

AEL is expected to lodge a copy of the Court order with ASIC on 8 September 2008, upon which the Scheme will become effective. Upon the Scheme becoming effective, ROC will acquire AEL's 53.1% controlling interest in Anzon Australia Limited ('AZA') and the off-market Takeover Offer for AZA will be declared unconditional.  

It is expected the Scheme will be implemented and AEL will become a wholly owned subsidiary of ROC on 22 September 2008.

The Takeover Offer is currently scheduled to close at 7.00pm (AEST) on 6 October 2008 (unless extended).  

Bruce Clement

Acting Chief Executive Officer 

For further information please contact:

Mr Bruce Clement

Acting Chief Executive Officer

Email: [e-mail]

Mr Matthew Gerber

Manager, Investor Relations & External Affairs

Email: [e-mail]

Tel: [phone]

Fax: [phone]

Or visit ROC's website: www.rocoil.com.au

Dr Kevin Hird

General Manager - Business Development

Tel: [phone]

Mob: [phone]

Email:  [e-mail]

Michael Shaw

Oriel Securities Limited (Nominated Adviser)

Tel: [phone]

Bobby Morse

Buchanan Communications

Tel: + 44 (0)20 7466 5000

Fax: + 44 (0)20 7466 5001

E-Mail: [e-mail]

Mob: [phone]

 

END

 

 

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