Business
Possible combination with Ascent Resources PLC
Possible combination with Ascent Resources PLC.
About this update from Cadogan Energy Solutions Plc
[{"type":"text","content":"\n \nRNS Number : 2930T Cadogan Petroleum PLC 25 March 2016 \n \n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF THAT JURISDICTION\n \nCADOGAN PETROLEUM PLC\nStatement regarding possible combination with Ascent Resources plc\n \nCadogan Petroleum plc (\"Cadogan\" or the \"Company\") notes the announcement by Ascent Resources plc (\"Ascent\") dated 24 March 2016 and confirms that it has made a highly preliminary approach regarding a possible combination with Ascent. There can be no certainty that an offer will be made or as to the terms of any offer.\nCadogan acknowledges that in accordance with Rule 2.6(a) of the UK City Code on Takeovers and Mergers (the \"Code\"), by no later than 5.00 pm on 21 April 2016, the Company must either announce a firm intention to make an offer under Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. Cadogan notes that this deadline can be extended with the consent of the UK Takeover Panel (the \"Panel\") in accordance with Rule 2.6(c) of the Code.\nFurther details cannot be provided at this stage due to the highly preliminary status of events. Further announcements will be made as soon as the need arises. \n \nEnquiries:\n \n\n\n\n\nCadogan Petroleum plc\n\n\n+380 (44) 594 5870\n\n\n\n\nGuido Michelotti, Chief Executive Officer\nMarta Halabala, Company Secretary\n\n\n\n\n\n\n\nCantor Fitzgerald Europe\n\n\n+44 (0) 20 7894 7000\n\n\n\n\nDavid Porter\nSarah Wharry\n\n\n\n\n\n\n\n \nRule 2.10 Disclosures\nIn accordance with Rule 2.10 of the Code, the Company confirms that, as at close of business on 23 March 2016, the Company had 231,091,668 ordinary shares of 3 pence each in issue and held outside treasury.\nThe International Securities Identification Number for the Company's ordinary shares is GB00B12WC938.\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END OFDSEMFMIFMSEED\n ","length":3958,"tagName":"div"}]