Results of Tender Offer
May 13 2010 - 2:00AM
UK Regulatory
TIDMCDO TIDMCDOU
RNS Number : 8250L
GSO Capital Prtrs Emp SideBySide Fd
13 May 2010
Not for release, publication or distribution, in or into Australia, Canada,
Japan or the United States of America or any other jurisdiction where to do so
would constitute
a violation of the relevant laws of such jurisdiction
FINAL RESULTS OF THE TENDER OFFER
BY GSO CAPITAL PARTNERS EMPLOYEE SIDE BY SIDE FUND LLC AND MIGUEL
RAMOS-FUENTENEBRO
TO PURCHASE UP TO 2 MILLION US DOLLAR SHARES AT $0.50 PER US DOLLAR SHARE
AND/OR EURO SHARES OF UP TO AN EQUIVALENT VALUE AT EUR0.37 PER EURO SHARE
Further to the announcement and Tender Offer Circular issued on April 26, 2010,
GSO Capital Partners Employee Side by Side Fund LLC and Miguel Ramos-Fuentenebro
(together, the "Tendering Parties") announce today the final results of their
tender offer (the "Tender Offer") to purchase Shares of Carador Plc. The Tender
Offer closed at 5:00 pm, London time, on May 11, 2010.
Capitalized terms not otherwise defined in this press release have the same
meaning assigned to them in the Tender Offer Circular dated April 26, 2010
relating to the Tender Offer.
Final Results of the Tender Offer
The Tendering Parties are pleased to announce that they have accepted a total of
1,179,932 US Dollar Shares and 550,000 Euro Shares validly tendered under the
Tender Offer at the US Dollar Tender Price of $0.50 and Euro Tender Price of
EUR0.37 respectively, representing approximately 1.2% of the issued Shares of
Carador Plc.
All of the US Shares and Euro Shares validly tendered for purchase under the
Tender Offer have been accepted.
Timetable
+------------------------------------+------------------------+
| CREST accounts debited in respect | Friday 21 May 2010 |
| of uncertificated Shares sold | |
| under the Tender Offer | |
+------------------------------------+------------------------+
| Despatch of cheques for Tender | Friday 21 May 2010 |
| Offer proceeds in respect of | |
| Shares sold under the Tender Offer | |
+------------------------------------+------------------------+
| Despatch of replacement Share | Friday 21 May 2010 |
| Certificates | |
| (where applicable) | |
+------------------------------------+------------------------+
The dates and times (which are London times) given are based on the current
expectations of GSO Capital Partners Employee Side by Side Fund LLC and Miguel
Ramos-Fuentenebro and may be subject to change. If there are any changes to any
dates or times, a revised timetable will be published by way of announcement
through a Regulatory Information Service.
Offer and Distribution Restrictions
This press release must be read in conjunction with the Tender Offer Circular.
The distribution of this press release in certain jurisdictions may be
restricted by law. Persons into whose possession this press release and/or the
Tender Offer Circular comes are required to inform themselves about, and to
observe, any such restrictions.
The Tender Offer is subject to further distribution restrictions as more fully
set out in the Tender Offer Circular.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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