PMEA Pme African Infrastructure Opportunities Plc

TIDMPMEA

RNS Number : 4702H

PME African Infrastructure Opps PLC

01 December 2015

1 December 2015

PME African Infrastructure Opportunities plc

("PME" or the "Company")

(AIM: PMEA.L)

Result of Current Tender Offer

Director's Dealing

Further to the announcement of the result of the Extraordinary General Meeting held on 23 November 2015, the Board of PME announces that the current tender offer for the purchase of up to 38,376,948 Ordinary Shares (representing 50 per cent. of the Ordinary Shares outstanding at the record date) at US$0.20 per Ordinary Share (the "Current Tender Offer") closed at 1.00 p.m. on 30 November 2015.

A total of 35,780,661 Ordinary Shares, comprising 46.6 per cent. of the Ordinary Shares outstanding, were validly tendered, and accordingly, all valid tender applications will be satisfied in full. It is expected that both the CREST settlement of the Current Tender Offer and the despatch of cheques in respect of certificated holdings, will take place on 4 December 2015.

As set out in the Current Tender Offer document, the 35,780,661 Ordinary Shares validly tendered will be cancelled. Therefore, with effect from 4 December 2015 the total number of voting rights attached to remaining Ordinary Shares will be 40,973,236. The voting rights on all these shares are identical. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest, in the Company, following 4 December 2015.

Lawrence Kearns, a Director of the Company, tendered 37,000 Ordinary Shares in the Current Tender Offer at the Tender Price of US$0.20 per share. Following completion of the Current Tender Offer, Mr Kearns will hold 37,000 Ordinary Shares, which will represent 0.1% of Company's issued ordinary share capital following the cancellation of the Ordinary Shares validly tendered under the Current Tender Offer.

For further information please contact:

 
Smith & Williamson Corporate 
 Finance Limited 
 Azhic Basirov / Ben Jeynes      +44 20 7131 4000 
Stifel Nicolaus Europe Limited 
 Neil Winward / Tom Yeadon       +44 20 7710 7600 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCPKKDKCBDDCDN

(END) Dow Jones Newswires

December 01, 2015 02:00 ET (07:00 GMT)

Pme African Infrastructu... (LSE:PMEA)
Historical Stock Chart
From Jun 2024 to Jul 2024

Pme African Infrastructu... (LSE:PMEA)
Historical Stock Chart
From Jul 2023 to Jul 2024