REG - Blofeld Inv Mgnt Ltd Lamprell plc Thunderball Invest. - Thunderball Investments R19.6(c) confirmation

Argo InvestmentsAnnouncement

06/09/2023 08:15

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RNS Number : 4863L  Blofeld Investment Management Ltd  06 September 2023

THE FOLLOWING ANNOUNCEMENT IS BEING MADE PURSUANT TO THE REQUIREMENTS OF RULE
19.6(C) OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE") WHICH, INTER
ALIA, REQUIRES A PARTY TO AN OFFER TO MAKE AN ANNOUNCEMENT AT THE END OF A
PERIOD OF 12 MONTHS FROM THE DATE ON WHICH THE OFFER PERIOD ENDED CONFIRMING
WHETHER IT HAS TAKEN, OR NOT TAKEN, THE COURSE OF ACTION SET OUT IN ITS STATED
INTENTIONS.

6 September 2023

Thunderball Investments Limited

("Bidco")

Rule 19.6(c) confirmation in respect of post-offer intention statements made
in relation to Lamprell plc ("Lamprell")

Further to the completion of its recommended cash offer for the entire issued
and to be issued ordinary share capital of Lamprell, which was effected by way
of a Takeover Offer under Part 28 of the Companies Act 2006, and which became
wholly unconditional on 5 September 2022, Bidco has duly confirmed in writing
to The Panel on Takeovers and Mergers in accordance with the requirements of
Rule 19.6(c) of the Code that Bidco has (except as described below) complied
with its post-offer intention statements made pursuant to Rule 24.2 of the
Code, as detailed in the offer document published on 12 August 2022 ("Offer
Document").

It was disclosed in the Offer Document that "AlGihaz and the Asyad Group,
being a group of companies associated with but separate from Blofeld, intend
to combine their existing and future commercial business interests in oil and
gas and renewable energy in the Kingdom of Saudi Arabia into a new corporate
vehicle which could partner or work with Lamprell in Saudi Arabia in the
future to the extent that Lamprell and its relevant stakeholders agree, and in
accordance with Lamprell's future strategy following the strategic review
described above."

 

Bidco understands that AlGihaz and Asyad Group have not yet achieved the
potential business combination described in this statement of intention and
that discussions in this regard are ongoing.

 

Terms and references, unless otherwise stated above, are as set out in the
Offer Document.

 

 

Enquiries:

finnCap
+44 (0)20 7220 0500

(Joint Financial adviser to Bidco)
 

Chris Raggett / Henrik Persson / Fergus Sullivan
 

Zeus
+44 (0)20 3829 5000

(Joint Financial adviser to Bidco)
 

Nick Cowles / Dan Bate / James
Edis

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