Business
Merlon Acquisition Update
Merlon Acquisition Update.
About this update from Pharos Energy Plc
[{"type":"text","content":"\n \nRNS Number : 4033U Soco International PLC 29 March 2019 \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\nCAPITALISED TERMS DEFINED IN THE CIRCULAR HAVE THE SAME MEANING WHEN USED IN THIS ANNOUNCEMENT, UNLESS OTHERWISE DEFINED IN THIS ANNOUNCEMENT\nFOR IMMEDIATE RELEASE\n \n29 March 2019\n \n \nSOCO International plc\n(\"SOCO\" or, together with its subsidiaries, the \"SOCO Group\")\nProposed Acquisition of Merlon: Satisfaction of Regulatory Conditions\nSOCO is pleased to announce the satisfaction of the regulatory conditions to its proposed acquisition (the \"Proposed Transaction\") of Merlon Petroleum El Fayum Company (\"Merlon\"), following receipt of the approval of the Egyptian Minister of Petroleum and Mineral Resources on 28 March 2019. SOCO shareholder approval of the Proposed Transaction was received at the general meeting convened for that purpose on 21 December 2018.\nIn accordance with the terms of the sale and purchase agreement for the Proposed Transaction, SOCO now expects completion to occur on 2 April 2019. A further update will be provided to the market at that time.\n \nENQUIRIES\nSOCO International plc\nTel: + 44 (0) 20 7747 2000\nEd Story, President and Chief Executive Officer\nJann Brown, Managing Director and Chief Financial Officer\nMike Watts, Managing Director\nSharan Dhami, Group Investor Relations Manager\n \nEvercore Partners International LLP - Financial Adviser & Sponsor \nTel: + 44 (0) 20 7653 6000\nDavid Waring / Edward Banks / Aditya Lohia\n \nCamarco\n \nTel: + 44 (0) 20 3781 8334\nBilly Clegg / Georgia Edmonds / Owen Roberts\n\n\nFurther information\n \nThis announcement is for information purposes only and not intended to, and does not, constitute or form part of any offer or invitation to purchase, otherwise acquire, subscribe for, sell or otherwise dispose of, any securities or the solicitation of any vote or approval in any jurisdiction pursuant to the Proposed Transaction or otherwise. \nThis announcement does not constitute a prospectus or prospectus equivalent document.\nImportant notice relating to financial adviser and sponsor \nEvercore Partners International LLP (\"Evercore\") is authorised...