Brief: DNO Approaches Genel Energy PLC With Possible Cash Offer
BRIEF-DNO Approaches Genel Energy PLC With Possible Cash Offer Aug 7 (Reuters) - Dno ASA DNO.OL:
STATEMENT REGARDING POSSIBLE OFFER FOR GENEL ENERGY PLC
28 JULY 2026 IT APPROACHED GENEL ENERGY PLC BOARD WITH A POSSIBLE CASH OFFER
CASH OFFER, WITH A CASH AND SHARE ALTERNATIVE, TO ACQUIRE ENTIRE ISSUED AND TO BE ISSUED SHARE CAPITAL OF GENEL
UNDER TERMS OF INDICATIVE CASH OFFER, GENEL SHAREHOLDERS WOULD BE ENTITLED TO RECEIVE 69 PENCE IN CASH PER GENEL SHARE
OFFER VALUES GENEL’S SHARE CAPITAL AT ABOUT £202 MILLION AND REPRESENTS PREMIUM OF 38% TO CLOSING PRICE FOR GENEL SHARES ON 6 AUGUST 2026
ALTHOUGH GENEL BOARD REJECTED APPROACH ON 4 AUGUST 2026, DNO REMAINS WILLING TO ENGAGE WITH BOARD IN RELATION TO PROPOSAL
Source text: ID:nObiHrtNca
Further company coverage: DNO.OL
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