Business
Close of Offer and Right to Rescind
Close of Offer and Right to Rescind.
About this update from Metals Exploration Plc
[{"type":"text","content":"\n \nRNS Number : 2265F Metals Exploration PLC 20 April 2011 \n \n\n \n \nMETALS EXPLORATION PLC\n \nCLOSE OF OFFER MADE BY SOLOMON CAPITAL \nAND \nOF THE PERIOD FOR EXERCISE OF THE RIGHT TO RESCIND\n \nMetals Exploration announces that the cash offer made by Solomon Capital to acquire the entire issued and to be issued share capital of Metals Exploration not already owned by it, the terms of which were announced on 23 July 2010, has now closed.\n \nAs at 1.00 p.m. on Tuesday 19 April 2011, Solomon Capital had received valid Forms of Rescission in respect of 33,112,981 ordinary shares in Metals Exploration, representing approximately 7.16 per cent. of Metals Exploration's current issued share capital. Solomon now holds 147,604,617 ordinary shares in Metals Exploration, representing 31.9 per cent. of the issued share capital of Metals Exploration. Shelfco 724 Limited, which is also wholly beneficially owned by Christian Candy, holds 100,000,000 ordinary shares in Metals Exploration, representing 21.6 per cent. of the issued share capital of Metals Exploration.\n \nShare certificates in respect of validly completed Forms of Rescission are expected to be posted by 3 May 2011. \n \nUnless the context otherwise requires, defined terms used in this announcement shall have the meanings as in the announcement by Metals Exploration dated 8 March 2011.\n \n \nEnquiries:\n \n\n\n\n\nMetals Exploration PLC\n\n\n\n\n\n\n\nIan Holzberger\n\n\n+63 (0)9189 795 992\n\n\n\n\n\n\n\n\n\n\n\n\nWesthouse Securities Limited\n\n\n\n\n\n\n\nTim Feather\nDermot McKechnie\nMatthew Johnson\n\n\n+44 (0)20 7601 6100\n\n\n\n\n\n\n\n\n\n\n\n\nTavistock Communications\n\n\n\n\n\n\n\nEdward Portman\nJos Simson\n\n\n+44 (0)20 7920 3150\n\n\n\n\n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END OUPSFAFAUFFSESL \n ","length":4752,"tagName":"div"}]