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Rockhopper Exploration to acquire Mediterranean Oil & Gas


Published May 26, 2014
Rockhopper Exploration plc

The boards of Rockhopper Exploration plc and of Mediterranean Oil & Gas plc (MOG) are pleased to announce that they have 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.

Under the terms of the Acquisition, shareholders of MOG (MOG Shareholders) will receive 6.5 pence per share (MOG Share) comprising 4.875 pence in cash and 0.0172 shares of Rockhopper per MOG share (together the "Initial Consideration Offer").

Tags: Rockhopper Exploration plc




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