Scandoil  

Gasol announces acquisition and statement re suspension


Published Dec 25, 2013
Gasol Plc

The board of Gasol has entered into a conditional agreement (the "SPA") to acquire 100% of the issued share capital of Energie de Côte d'Ivoire S.A. ("Enerci") (the "Acquisition") from GDF SUEZ E&P International S.A. (the "Seller"). By virtue of Enerci's size relative to the Company's, the Acquisition constitutes a reverse takeover under the AIM Rules for Companies.

In accordance with the AIM Rules, trading in the Ordinary Shares will be suspended with effect from 7.30am today pending publication of an Admission Document by the Company, which is expected to occur within the first quarter of 2014. In the event that an Admission Document has not been published within six months of today's date (and the Acquisition has not lapsed), in accordance with AIM Rule 41, the Company's shares will be cancelled from admission to trading on AIM.

Tags: Gasol Plc




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