Business
Update on Irrevocable Undertakings
Update on Irrevocable Undertakings.
About this update from Parkmead Group Plc
[{"type":"text","content":"\n \nRNS Number : 4903F Parkmead Group (The) PLC 24 May 2013 \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 SUCH JURISDICTION\n24 May 2013\nRECOMMENDED ALL-SHARE OFFER\nfor\nLochard Energy Group PLC (\"Lochard\")\nby\nThe Parkmead Group plc (\"Parkmead\")\n \n(to be implemented by way of a Scheme of Arrangement\nunder Part 26 of the Companies Act 2006)\n\nParkmead today announces that it has received an irrevocable undertaking from Mr Robert Frost in respect of 3,781,570 Lochard Shares (representing 1.27 per cent. of the issued share capital of Lochard) to vote in favour of the Scheme and the resolutions at the Court Meeting and the General Meeting in respect of such Lochard Shares. \nThis takes the aggregate number of shares in respect of which Parkmead has received irrevocable undertakings or letters of intent to 123,719,434 Lochard Shares representing, in aggregate, approximately 41.4 per cent. of the issued ordinary share capital of Lochard. \nA summary of the irrevocable undertakings and the letter of intent given by Lochard Shareholders is contained in Appendix I to this announcement.\nDefined terms used in this announcement have the same meaning as set out in Appendix IV to the offer announcement of 23 May 2012 (the \"Announcement\").\n\n\n\n\nEnquiries:\n\n\n\n\n\n\n\nThe Parkmead Group plc \n\n\n\n\n\n\n\nTom Cross (Executive Chairman)\nRyan Stroulger (Chief Financial Officer)\n\n\n+44 (0) 1224 622200\n+44 (0) 1224 622200\n\n\n\n\nCharles Stanley Securities (Financial Adviser, NOMAD and Corporate Broker to Parkmead)\n\n\n\n\n\n\n\nMarc Milmo\nKarri Vuori\nCarl Holmes\n\n\n+44 (0) 20 7149 6000\n+44 (0) 20 7149 6000\n+44 (0) 20 7149 6000\n\n\n\n\n\n\n \n\n\n\n\nLochard Energy Group PLC\n\n\n\n\n\n\n\nClive Carver (Chairman)\n\n\n+44 (0) 1883 717 357\n\n\n\n\nCIBC World Markets plc (Financial Adviser and Rule 3 Adviser to Lochard)\n\n\n\n\n\n\n\nSameer Pethe\nJonathan Bradfield\n\n\n+44 (0) 20 7234 6462\n+44 (0) 20 7234 6462\n\n\n\n\n\n\n\n\n\n\n\n\nfinnCap Limited (NOMAD and Corporate Broker to Lochard)\n\n\n\n\n\n\n\nMatthew Robinson\nChristopher Raggett\n \n\n\n+44 (0) 20 7220 0500\n+44 (0) 20 7220 0500\n \n\n\n\n\nMedia Enquiries:\n\n\n\n\n\n\n\nCollege Hill Associate...