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Rockhopper and MOG reach agreement on the terms of a recommended acquisition


Published Aug 12, 2014
Mediterranean Oil & Gas Plc-2

On 23 May 2014, the boards of Rockhopper Exploration plc (Rockhopper) and of Mediterranean Oil & Gas plc (MOG) had reached agreement on the terms of a recommended acquisition under which Rockhopper will acquire the entire issued and to be issued ordinary share capital of MOG (the "Acquisition").

The Acquisition is to be effected by means of a Court sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 (the "Scheme").

A Scheme Document containing, amongst other things, notices convening the Court Meeting, the General Meeting, the full terms and conditions of the Scheme, a letter from the Chairman of MOG, an Explanatory Statement from RBC Europe Limited (RBC), an expected timetable of principal events and details of the actions to be taken by Shareholders were posted to Shareholders on 20 June 2014.

Tags: Mediterranean Oil & Gas Plc, Rockhopper Exploration plc




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