Business
Trident Bidder Statement
Trident Bidder Statement.
About this update from Quantum Helium Limited
[{"type":"text","content":"\n \nRNS Number : 8157P Mosman Oil and Gas Limited 22 August 2014 \n \n\n22 August 2014\nMosman Oil and Gas Limited\n(\"Mosman\" or the \"Company\")\n \nProposed acquisition of Trident Energy Limited \nRelease of Bidder's Statement (the \"Bidder's Statement\")\n \nMosman Oil and Gas Limited (AIM: MSMN), the New Zealand and Australia focussed oil exploration and development company, has today lodged with the Australian Securities and Investments Commission (\"ASIC\") the Bidder's Statement in relation to an offer announced by Mosman on 2 July 2014 to acquire all of the issued shares of Trident Energy Limited (\"Trident\"), an Australian unlisted public company with onshore and offshore oil interests in Australia.\n \nClick here for the link to the full Bidder's Statement:\nhttp://mosmanoilandgas.com/sites/mosmanoilandgas.com/files/files/724247_1_Bidder_s%20Statement%20-%20Mosman%20Oil%20and%20Gas%20Limited%2022_08_14.pdf\n \nDetailed below is a summary of the Offer and of certain matters detailed in the Bidder's Statement. This RNS announcement should not be utilised by the shareholders of Trident in making any decision on whether or not to accept or decline the Offer and is solely being released for AIM disclosure purposes. Shareholders should read the Bidder's Statement in its entirety before making any decision on whether to accept or reject the Offer, and should consult their financial or other professional advisers if they are in doubt as to how to deal with the Bidder's Statement.\n \nTerms used in this announcement have the same meaning as defined In the Bidders Statement.\n \nHighlights of the Offer\n \n· The offer is one (1) ordinary share in the capital of Mosman (\"Mosman Share\") for every five (5) fully paid ordinary shares in the capital of Trident (\"Trident Shares\") on the terms and conditions detailed in the Bidder's Statement (the \"Offer\");\n· If the Offer is 100% accepted, Mosman will issue 2,892,978 Mosman Shares to acquire all of the issued share capital of Trident;\n· The board of Trident have unanimously recommended that the Trident shareholders accept the Offer, in the absence of a superior proposal;\n· Members of the board of Trident intend to accept the Of...