REG - Gulf Investment Fund - Tender Offer

Gulf Investment FundAnnouncement

09/09/2024 12:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240909:nRSI4363Da&default-theme=true

RNS Number : 4363D  Gulf Investment Fund PLC  09 September 2024

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN OR INTO, CANADA, JAPAN, NEW ZEALAND AND THE REPUBLIC OF SOUTH
AFRICA OR ANY OTHER JURISDICTION WHERE TO DO SO MAY RESULT IN THE
CONTRAVENTION OF ANY REGISTRATION OR OTHER LEGAL REQUIREMENT OF SUCH
JURISDICTION

This announcement contains inside information for the purposes of Article 7 of
Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by
virtue of the European Union (Withdrawal) Act 2018 and as amended ("MAR"), and
is disclosed in accordance with the Company's obligations under Article 17 of
MAR.

Legal Entity Identifier: 2138009DIENFWKC3PW84

9 September 2024

Gulf Investment Fund PLC

("GIF" or the "Company")

Tender Offer update

On 22 August 2024, the Company announced the launch of a tender offer for up
to 100 per cent. of each Shareholder's holding in the Company (the "Tender
Offer"). The Company has received irrevocable commitments pursuant to the
Tender Offer to tender Shares which result in the minimum size condition in
respect of the Tender Offer (being a post Tender Offer share capital of not
less than 38,000,000 Shares) not being met. As a result, the Tender Offer will
no longer proceed in accordance with tender terms and conditions set out in
the circular of the Company dated 28 November 2023 (the "Circular").

As set out in the Circular, the Directors will instead put forward proposals
to Shareholders for the Company to be wound up with a view to returning cash
to Shareholders or to enter into formal liquidation (the "Proposals").

The Company will publish a circular as soon as practicable setting out details
of the Proposals and to convene a general meeting at which approval for the
Proposals will be sought from shareholders.

For further information:

Anderson
Whamond
Via Apex Corporate Services

Gulf Investment Fund plc

Frazer Pickering/Suzanne Jones
 
           +44 (0) 1624 630400

Apex Corporate Services (IOM) Limited

Alex Collins/Ashwin
Kohli
+44 (0) 20 3100 2000

Panmure Liberum Limited

William Clutterbuck
 
                         +44 (0) 20 7379 5151

Maitland/AMO

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  TENQKCBBKBKDFCK