Brief: Petrichor And Egdon Resources Announce Recommended Cash Acquisition For 4.5p Per Egdon Share

Petrichor Energy

17/05/2023 07:41

May 17 (Reuters) - Petrichor Partners  PTPh.V  and Egdon
Resources  EGRE.L :
    * PETRICHOR PARTNERS EGDON RESOURCES PLC  - RECOMMENDED CASH
OFFER
    * HAVE REACHED AGREEMENT WITH PETRICHOR PARTNERS
    * PROPOSED DEAL FOR 4.5 PENCE FOR EACH EGDON SHARE
    * ACQUISITION VALUES ENTIRE ISSUED AND TO BE ISSUED SHARE
CAPITAL
OF EGDON AT ABOUT £26.64 MILLION ON A FULLY DILUTED BASIS
    * ACQUISITION IS EXPECTED TO BECOME EFFECTIVE IN THIRD
CALENDAR
QUARTER OF 2023

Source text for Eikon:  ID:nRSQ6623Za 
Further company coverage:  EGRE.L 

 ((Reuters.Briefs@thomsonreuters.com;))