Business
Statement re Possible Offer
Statement re Possible Offer.
About this update from Enwell Energy Plc
[{"type":"text","content":"\n RNS Number : 7584X Regal Petroleum PLC 10 December 2010 \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 OR REGULATIONS OF THAT JURISDICTION.\n \n10 December 2010\n \n\n\n\n\nSTATEMENT FROM REGAL PETROLEUM PLC\n\n\n\n\nUpdate on discussions \n\n\n\n\n \nThe Board of Regal Petroleum plc (\"Regal\" or the \"Company\") notes the recent rise in the Company's share price. \n \nFurther to the announcement made on 25 November 2010 that the Company had received a number of approaches in relation to a potential offer for the Company, the board confirms that it is in final-stage discussions in relation to a possible all-cash offer for the Company at a price of 24.0 pence per share. \n \nIt is emphasised that there can be no certainty that an offer for the Company will ultimately be made or as to the terms on which any such offer might be made. \n \nThis announcement is being made with the consent of the potential offeror.\n \nEnquiries:\n \n\n\n\n\nRegal Petroleum plc\n\n\nTel: 020 7408 9500\n\n\n\n\nRobert Wilde, Finance Director \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nBank of America Merrill Lynch\n\n\nTel: 020 7996 1000\n\n\n\n\nAnya Weaving\n\n\n\n\n\n\n\nPaul Frankfurt\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nStrand Hanson Limited (Nominated Adviser)\n\n\nTel: 020 7409 3494\n\n\n\n\nSimon Raggett\n\n\n\n\n\n\n\nRory Murphy\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nCitigate Dewe Rogerson\n\n\nTel: 020 7638 9571\n\n\n\n\nMartin Jackson\nGeorge Cazenove\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n \nMerrill Lynch International (\"Bank of America Merrill Lynch\"), a subsidiary of Bank of America Corporation, is acting exclusively for Regal and no one else in connection with this announcement and will not be responsible to anyone other than Regal for providing the protections afforded to its clients or for providing advice in relation to this announcement or any other matter referred to herein.\n \nDisclosure requirements of the Takeover Code (the \"Code\")\n \nUnder Rule 8.3(a) of the Code, any person who is interested in 1% or more of any class of relevant securities of an offeree company or of any paper offeror (being any offeror other than an offeror in respect of which...