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Etablissements Maurel & Prom S.A. Possible Offer for Amerisur Resources plc

Nachrichtenquelle: Business Wire (engl.)
22.07.2019, 07:00  |  445   |   |   

Regulatory News:

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM THE UNITED STATES OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.

THIS IS AN ANNOUNCEMENT MADE UNDER RULE 2.4 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE"). THIS ANNOUNCEMENT IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CODE AND THERE CAN BE NO CERTAINTY THAT AN OFFER WILL BE MADE.

THE INFORMATION COMMUNICATED IN THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AND UPON PUBLICATION OF THE ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INFORMATION IS CONSIDERED TO BE IN THE PUBLIC DOMAIN.

Etablissements Maurel & Prom S.A. (“M&P”, the “Company”) (Paris:MAU), the Paris (Euronext) listed exploration and production company, notes the announcement made by Amerisur Resources plc ("Amerisur") on 19 July 2019 in which it disclosed that it had received an approach regarding a possible offer for the company and had launched a strategic review and formal sale process under the Code.

On 18 July 2019, M&P made an initial proposal to the Board of Amerisur regarding a possible offer to acquire the entire issued and to be issued share capital of Amerisur (the “Possible Offer”) for a combination of M&P shares and cash. M&P has over recent days engaged with certain major shareholders in Amerisur to discuss the Possible Offer.

Possible Offer

M&P has written to the Board of Amerisur indicating that the Possible Offer would be to acquire the entire issued and to be issued ordinary share capital of Amerisur for a consideration of cash and M&P shares valuing each share in Amerisur at 17.0 pence. The consideration was to comprise 12.5 pence in cash, and new shares in M&P with a value of 4.5 pence, per Amerisur share (the “Possible Offer Price”). The announcement of this Possible Offer follows the decision announced by Amerisur on 19 July to conduct a formal sale process for the company. M&P is a participant in the formal sale process.

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