Business
Stabilisation Notice
Stabilisation Notice.
About this update from Cadogan Energy Solutions Plc
[{"type":"text","content":"\n RNS Number : 9638W Cadogan Petroleum PLC 18 June 2008 \n \n18 June 2008\nStabilisation Notice: Cadogan Petroleum plc\n \nIn connection with the Global Offer in relation to the following Ordinary Shares:\nCadogan Petroleum plc Ordinary Shares of £0.03 each\nISIN Code: GB00B12WC938\n \nUBS Limited as stabilisation manager, or any other person acting for it may, over-allot and effect other transactions with a view to supporting the market price of the Ordinary Shares at a level higher than that which might otherwise prevail from 8:00a.m. on 18 June 2008 to 18 July 2008. However, there is no obligation on UBS Limited, or any agent of UBS Limited, to do this. Such transactions, if any, may be effected on the London Stock Exchange and any other securities market, over the counter market, stock exchange or otherwise. Such stabilising, if commenced, may be discontinued at any time and must be brought to an end no later than 18 July 2008.\nIn connection with its stabilising activities certain Selling Shareholders have granted UBS Limited an over-allotment arrangement, exercisable on or before 18 July 2008 which, if exercised will require certain Selling Shareholders to sell up to 15 per cent. of the aggregate number of Ordinary Shares available in the Global Offer (before any exercise of the Over-allotment Option) at the Offer Price to cover short positions arising from such over-allotments (if any) and/or sales of Ordinary Shares effected by it during the stabilising period.\nUBS Limited has agreed with such Selling Shareholders that any over-allotment of Ordinary Shares by it or any of its agents will be up to a maximum of 15 per cent. of the total number of Ordinary Shares comprised in the Global Offer (before any exercise of the Over-allotment Option).\n \nNumber of Ordinary Shares in the Global Offer: 66,443,479\nNumber of Ordinary Shares subject to the over-allotment option: 9,966,514 \nThe offer price of Cadogan Petroleum plc Ordinary Shares of £0.03 each was set at 230p on 18 June 2008\n \nUBS Limited contacts: \n Chris Swale +44 20 7568 8379\n\nThis an...