Exillon Energy: Maksat Arip, Founding Shareholder, Makes Buyout Approach
The Company announces that it has received an approach by Mr Maksat Arip, a founding shareholder of the Company who continues to hold 30.17% of the Company’s shares and was previously Chairman of the Company, that may or may not lead to an offer being made for the Company. The discussions are at any early stage and there can be no certainty that an offer will be made, nor as to the terms on which any offer might be made.
In accordance with Rule 2.6(a) of the City Code on Takeovers and Mergers (the “Code”), Mr Arip must, by not later than 5.00 p.m. on 27 August 2013, either announce a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code or announce that there is no intention to make an offer for the Company, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the Panel in accordance with Rule 2.6(c) of the Code.
This is an announcement falling under Rule 2.4 of the Code and does not constitute an announcement of a firm intention to make an offer under Rule 2.7 of the Code.
A further announcement will be made as and when appropriate.
Rule 2.10
In accordance with Rule 2.10 of the Code, the Company confirms that it has 161,510,911 ordinary shares of US$0.0000125 pence each in issue. The ISIN reference for these securities is IM00B58FMW76.
