Dragon Oil Plc.(DGO.L) announced that further to the announcement on 2 November 2009 regarding the recommended acquisition for cash of the entire issued and to be issued share capital of Dragon Oil not already owned by the Emirates National Oil Company Limited LLC or "ENOC", the Board of ENOC has confirmed to the Independent Committee of Dragon Oil that the price of 455 pence per Dragon Oil Share is final and will not be increased and that, whether or not the Acquisition is successful, ENOC remains a committed long-term majority shareholder in Dragon Oil.
The Independent Committee reiterated that the cash offer of 455 pence per Dragon Oil Share will provide the minority shareholders of Dragon Oil with the opportunity to realise a cash exit at a significant premium of 34.6% to the Closing Price of 338 pence per Dragon Oil Share on 3 June 2009, the last Trading Day prior to the announcement by Dragon Oil that it had received an approach in relation to a possible offer, and reiterates that the terms of the proposed acquisition are fair and reasonable for the minority shareholders of Dragon Oil.
The Independent Committee confirmd that it continues to recommend unanimously that Dragon Oil Shareholders vote in favour of the Acquisition.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.