Business
Takeover approach
Takeover approach.
About this update from Sunda Energy Plc
[{"type":"text","content":"\n \n\n\n\nFOR IMMEDIATE RELEASE\n16 September 2008\nGold Oil plc\n(\"Gold\" or the \"Company\")\nTakeover approach\n\nThe Board of Gold announces that it has received an approach from a\nthird party that may lead to an offer being made for the Company (the\n\"Approach\"). The Approach is preliminary in nature and there can be\nno certainty that an offer will ultimately be forthcoming.\n\nIn relation to this announcement, shareholders are advised to take no\naction in relation to their shareholdings in the Company. A further\nannouncement will be made in due course as appropriate.\n\nThe following information is provided in accordance with Rule 2.10\n(\"Rule 2.10\") of the Takeovers Code (the \"Code\").\n\nRelevant Securities in Issue\n\nThe Company confirms that it has 480,853,909 Ordinary Shares of 0.025\np each (\"Ordinary Shares\") in issue at the close of business on 15\nSeptember 2008 and the Ordinary Shares in the Company are admitted to\ntrading on AIM under the UK ISIN code GB00B01QGH57.\n\nIn addition, the Company has in issue 20,000,000 warrants, each with\nthe right to subscribe for an Ordinary Share at a price of 9p per\nshare.\n\nDealing Disclosure Requirements\n\nUnder the provisions of Rule 8.3 of the Code, if any person is, or\nbecomes, \"interested\" (directly or indirectly) in 1% or more of any\nclass of \"relevant securities\" of Gold, all \"dealings\" in any\n\"relevant securities\" of that company (including by means of an\noption in respect of, or a derivative referenced to, any such\n\"relevant securities\") must be publicly disclosed by no later than\n3.30 pm (London time) on the London business day following the date\nof the relevant transaction. This requirement will continue until the\ndate on which the offer becomes, or is declared, unconditional as to\nacceptances, lapses or is otherwise withdrawn or on which the \"offer\nperiod\" otherwise ends. If two or more persons act together pursuant\nto an agreement or understanding, whether formal or informal, to\nacquire an \"interest\" in \"relevant securities\" of the offeror or\nGold, they will be deemed to be a single person for the purpose of\nRule 8.3.\n\nUnder the provisions of Rule 8.1 of the Code, all \"dealings\" in\n\"relevant securities\" by the offeror or Gold by the offeror or Gold,\nor by any of their respective \"associates\", must be discl...