DRAGON OIL - TAKEOVER EXTENSION
Please note: if you have previously responded to accept the offer under corporate action reference 201500921, you will receive the increased offer price of GBP8.00 per share and no further action is required from you.
Corporate action reference: 201501046
Further to our recent correspondence dated 06 July 2015, please be advised the offer has been declared Unconditional in All Respects and has been extended.
This corporate action is a Takeover.
A takeover occurs when one Company (usually a larger Company, known as the Bidding Company) attempts to take control over another Company (usually a smaller Company, known as the Target Company).
Within this corporate action you have a series of options of which one is a default. If you wish to select the default you do not need to reply.
Please note we must be in receipt of your instruction by 21 August 2015 should you wish to select an option other than the default.
If you would like further information about the terminology used in this notification, please visit our Ask A Question site
Offer Made By: EMIRATES NATIONAL OIL COMPANY LTD (ENOC) L.L.C.
Tender Price: GBP 8.00 per share.
Further details can be found on the Company’s website
Option 1: Cash
Option 2: No Action: (Default)
IF YOU WANT TO TAKE NO ACTION, OPTION 2, PLEASE DO NOT REPLY.
We will aim to update your account within five business days of receiving the proceeds.
Overseas residents should consult their professional advisers as to whether they require any governmental or other consents or need to observe any other formalities to enable them to participate in the offer.
By accepting the offer, you will be representing to us that local laws and regulatory requirements have been complied with, including the obtaining of any governmental, exchange control and other consents that may be required and the payment of any issue, transfer or other taxes or duties due in that jurisdiction.
Please note that this page does not constitute investment advice. If you are unsure of what option to take please contact your financial advisor.
Further information regarding this event can be found in the investors section of the company’s website www.dragonoil.co.uk/investors
IF YOU ARE AN ISA OR SIPP CLIENT YOUR OPTIONS MAY DIFFER.