REG - DNO ASA Faroe Petroleum PLC - DNO Completes Tender for Shares in Faroe Petroleum
RNS Number : 8762JDNO ASA04 April 2018DNO Completes Tender for Shares in Faroe Petroleum
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4 April 2018 - DNO ASA, the Norwegian oil and gas operator, announced today the successful completion of a reverse book building process of 10 percent of the shares in Faroe Petroleum plc. Through the reverse book building, DNO will acquire 36,660,000 shares at GBP 1.25 per share which represents 10 percent of the outstanding shares in Faroe Petroleum.
Following the purchase, DNO will own 93,015,825 shares which represents 25.37 percent of the outstanding shares in Faroe Petroleum.
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This release does not constitute any offer or solicitation to sell or purchase any securities, and may not be released, published or distributed in the United States of America or any other jurisdiction where such offer, solicitation, release, publication or distribution would be prohibited or require any registration or filing acts or similar.
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This announcement is directed only at persons (i) having professional experience in matters relating to investments who fall within the definition of 'investment professionals' in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (ii) who are high net worth entities falling within Article 49(2) of the Order, and other persons to whom it may otherwise lawfully be communicated (all such persons together being referred to as "relevant persons"). This announcement must not be acted or relied on in the United Kingdom by persons who are not relevant persons.
This information is provided by RNSThe company news service from the London Stock ExchangeENDMSCGMGGDGDDGRZZ
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