DRAGON OIL - TAKEOVER - UIAR
Corporate action reference: 201501144
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 07 September 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.
Emirates National Oil Company has announced that, following the offer closing date, it will commence the compulsory acquisition process to acquire any remaining shares.
Cancellation of admission to listing and trading on the London Stock Exchange is expected to take effect from 8.00am on 7th September 2015.
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.
IF YOU ARE AN ISA OR SIPP CLIENT YOUR OPTIONS MAY DIFFER.