RCS - Prax Explrtn & Prod. - Rule 19.6(c) confirmation

Hurricane EnergyAnnouncement

10/06/2024 08:15

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RNS Number : 4454R  Prax Exploration & Production PLC  10 June 2024

 

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.

 

 

 10 June 2024

Prax Exploration & Production plc

Rule 19.6(c) confirmation with respect to stated post-offer intentions
regarding Hurricane Energy plc (now renamed Prax Upstream Limited)

 

Prax Exploration & Production plc ("Prax") announces that, further to the
completion of its recommended offer for Hurricane Energy plc, which was
effected by way of scheme of arrangement under Part 26 of the Companies Act
2006 on 8 June 2023, Prax's board of directors 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 Prax has complied with its post-offer intention
statements made pursuant to Rules 2.7(c)(viii) and 24.2 of the Code. The post
offer intention statements were originally detailed in the Rule 2.7
announcement of 16 March 2023 and the scheme document published by Hurricane
Energy plc on 6 April 2023.

 

Enquiries:

Prax

Alessandro Agostini, Head of Exploration and
Production              +44 (0) 20 3757 4986

(Care of Camarco)

Gneiss Energy Limited  (Financial Adviser to Prax)

Jon Fitzpatrick
                                        +44 (0) 203983
9263

Paul Weidman

 

Camarco (Public Relations Advisor to Prax)

 

Billy Clegg
                                            +44 (0) 20
3757 4980

Violet Wilson

Hugo Liddy

 

 

 

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