Dana Petroleum - Lapse of Let

RNS Number : 7517S

Schroders PLC

15 September 2010

 



Lapse of Letter of Intent: Offer by Korea National Oil Corporation for Dana Petroleum plc

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 263,794 shares, reducing the number of share that are subject to the letter of intent to 14,051,586.

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;

·      14 September 2010 - sale   485,000 shares

Our intention in respect of 13,566,586 shares, being the remainder, remains as described in our Letter of Intent.

Taryn O'Donoghue

Compliance Specialist

Schroders Group Compliance

Tel:  [phone]

Fax: [phone]

e-mail: taryn.o'[e-mail]

 

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