TIDMPCI
RNS Number : 7185M
Worldview Capital Management LLP
22 January 2016
Not for release, publication or distribution (in whole or in
part), directly or indirectly in, into or from any jurisdiction
where to do so would constitute a violation of the relevant laws or
regulations of such jurisdiction.
this announcement is not an announcement of a firm intention to
make an offer under rule 2.5 of the irish takeover panel act 1997,
takeover rules 2013 ("irish takeover rules") and there can be no
certainty that an offer will be made, nor as to the terms on which
any offer will be made.
For immediate release
Worldview International Management Limited SEZC
("Worldview")
Statement regarding a possible offer for Petroceltic
International PLC
London - 22 January 2016 - Worldview announces that it is in the
process of evaluating and preparing for a possible, all cash, offer
(the "Possible Offer") for the entire issued and to be issued share
capital of Petroceltic International plc ("Petroceltic" or the
"Company"), other than shares already in the beneficial ownership
of certain alternative investment funds under its discretionary
management (the "Worldview Funds").
Worldview, a private investment management firm incorporated in
the Cayman Islands, which provides discretionary investment
management and advisory services, is currently interested via the
Worldview Funds, in aggregate, in 63,363,907 ordinary shares of
EUR0.3125 each in the capital of Petroceltic ("Petroceltic Share"),
representing approximately 29.6 per cent. of the Company's issued
share capital.
Worldview would like to emphasise that its evaluation of
Petroceltic is ongoing and there can be no certainty at this stage
that any offer for Petroceltic will ultimately be made, nor as to
the terms of any such offer should one be forthcoming. This
announcement does not amount to a firm intention to make an offer
under Rule 2.5 of the Irish Takeover Rules and there can be no
certainty that an offer will be made.
Shareholders in Petroceltic are reminded that, further to the
Company's announcement of 23 December 2015, it remains in an 'offer
period', within the meaning of the Irish Takeover Rules, and the
attention of Petroceltic's shareholders is drawn to the disclosure
requirements of Rule 8 of the Irish Takeover Rules as summarised
below.
A further announcement will be made in due course as and when
appropriate.
- ENDS -
Enquiries:
Strand Hanson Limited Tel: +44 (0)20 7409
(Joint Financial Adviser to 3494
Worldview)
Stuart Faulkner
Matthew Chandler
James Dance
Hannam & Partners (Advisory) Tel: +44 (0)20 7907
LLP 8500
(Joint Financial Adviser to
Worldview)
Neil Passmore
Giles Fitzpatrick
Hudson Sandler Tel: +44 (0)20 7796
Charlie Jack 4133
Emily Dillon
Responsibility Statement
The directors of Worldview accept responsibility for the
information contained in this announcement. To the best of the
knowledge and belief of the directors of Worldview (who have taken
all reasonable care to ensure that 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.
Disclosure Requirements Under the Irish Takeover Rules
Under the provisions of Rule 8.3 of the Irish Takeover Rules, if
any person is, or becomes, 'interested' (directly or indirectly) in
1% or more of any class of 'relevant securities' of Petroceltic,
all 'dealings' in any 'relevant securities' of Petroceltic
(including by means of an option in respect of, or a derivative
referenced to, any such 'relevant securities') must be publicly
disclosed by not later than 3:30 p.m. (Irish time) on the
'business' day following the date of the relevant transaction. This
requirement will continue until the date on which the 'offer
period' ends. If two or more persons co-operate on the basis of any
agreement, either express or tacit, either oral or written, to
acquire an 'interest' in 'relevant securities' of Petroceltic, they
will be deemed to be a single person for the purpose of Rule 8.3 of
the Irish Takeover Rules.
Under the provisions of Rule 8.1 of the Irish Takeover Rules,
all 'dealings' in 'relevant securities' of Petroceltic by
Worldview, or by any party acting in concert with it, must also be
disclosed by no later than 12:00 noon (Irish time) on the
'business' day following the date of the relevant transaction.
A disclosure table, giving details of the companies in whose
'relevant securities' 'dealings' should be disclosed, can be found
on the Irish Takeover Panel's website at
www.irishtakeoverpanel.ie.
Interests in securities arise, in summary, when a person has a
long economic exposure, whether conditional or absolute, to changes
in the price of securities. In particular, a person will be treated
as having an 'interest' by virtue of the ownership or control of
securities, or by virtue of any option in respect of, or derivative
referenced to, securities.
Terms in quotation marks are defined in the Irish Takeover
Rules, which can be found on the Irish Takeover Panel's website. If
you are in any doubt as to whether or not you are required to
disclose a dealing under Rule 8, please consult the Irish Takeover
Panel's website at www.irishtakeoverpanel.ie or contact the Irish
Takeover Panel on telephone number +353 1 678 9020 or fax number
+353 1 678 9289.
Other
Strand Hanson Limited, which is authorised and regulated in the
United Kingdom by the Financial Conduct Authority, is acting as
joint financial adviser to Worldview in relation to the matters
described in this announcement and is not advising any other
person, and accordingly will not be responsible to anyone other
than the Worldview for providing the protections afforded its
clients or for providing advice in relation to the matters
described in this announcement.
Hannam & Partners (Advisory) LLP, which is authorised and
regulated in the United Kingdom by the Financial Conduct Authority,
is acting as joint financial adviser to Worldview in relation to
the matters described in this announcement and is not advising any
other person, and accordingly will not be responsible to anyone
other than Worldview for providing the protections afforded to its
clients or for providing advice in relation to the matters
described in this announcement.
This announcement does not constitute an offer to purchase any
securities, or an offer to sell or the solicitation of an offer to
buy any securities, nor shall there be any offer to purchase or
sell securities in any jurisdictions in which such an offer,
solicitation or sale would be unlawful. The release, distribution
or publication of this announcement in jurisdictions outside
Ireland or the United Kingdom may be restricted by law and
therefore any persons into whose possession this announcement comes
should inform themselves about, and observe, any applicable
requirements. Any failure to comply with such restrictions may
constitute a violation of the securities law of any such
jurisdiction.
Website Disclosure
A copy of this announcement will be made available (subject to
certain restrictions relating to persons resident in restricted
jurisdictions) at sunnyhill.co by no later than 12 noon (Irish
time) on 25 January 2016. The content of the website referred to in
this announcement is not incorporated into and does not form part
of this announcement.
Notes to Editors:
Worldview (www.worldviewcap.com) is an investment management
group based in the Cayman Islands, UK (FCA authorised) and the USA,
which holds approximately 29.6 per cent. of the issued share
capital of Petroceltic International plc, a company whose shares
are listed on the AIM market of the London Stock Exchange (AIM:
PCI) and the Enterprise Securities Market of the Irish Stock
Exchange.
This information is provided by RNS
The company news service from the London Stock Exchange
END
OUPSEUSUEFMSEDF
(END) Dow Jones Newswires
January 22, 2016 05:00 ET (10:00 GMT)
Petroceltic (LSE:PCI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Petroceltic (LSE:PCI)
Historical Stock Chart
From Jul 2023 to Jul 2024
