Response to Press Speculation

RNS Number : 5322S

San Leon Energy PLC

21 December 2016

 

21 December 2016

San Leon Energy plc ("San Leon" or the "Company") 

Response to Press Speculation

San Leon Energy plc, the AIM listed company focused on oil and gas development and appraisal in Africa and Europe, notes the press speculation in respect of the approach, and confirms that Geron Energy Investment is a party to the Offeror and the indicative offer price from the Offeror was 80 pence per share.

Talks are at a preliminary stage and there are significant uncertainties as to whether or not the matter will proceed further. A formal offer would only be made following due diligence.  

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

There can be no certainty that an offer will be made for the Company 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	+ 353 1291 6292
Oisin Fanning, Chief Executive
Whitman Howard Limited (Financial adviser to the Company)	[phone]
Nick Lovering
SP Angel Corporate Finance LLP (Nominated adviser to the Company)	[phone]
Ewan Leggat
Richard Morrison
Brandon Hill Capital Limited (Joint broker to the Company)	[phone]
Oliver Stansfield
Jonathan Evans
Vigo Communications (Financial Public Relations)	[phone]
Chris McMahon
Alexandra Roper
Plunkett Public Relations	[phone]
Sharon Plunkett

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.

The announcement is being made without the specific approval of the Offeror.

 

END

 

 

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