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Eurasian Natural Resources Provides Update On Offer For Central African Mining & Exploration

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Eurasian Natural Resources Corporation Plc. (ENRC.L) said that a offer for central African Mining & Exploration Company plc.(CFM.L) or CAMEC was extended and will remain open until further notice.

On 10 November 2009, ENRC announced that its recommended cash offer to be made by ENRC Africa 1 Limited, a wholly-owned subsidiary of the company, to acquire at 20 pence per CAMEC share, the entire issued and to be issued ordinary share capital of CAMEC which is not already owned or otherwise contracted to be acquired by ENRC or members of its group had become unconditional in all respects.

As of on 7 December 2009, ENRC had received valid acceptances from eligible CAMEC Shareholders in respect of 1.92 billion CAMEC Shares, representing about 93.55% in nominal value of the CAMEC Shares to which the Offer relates.

Therefore, taking into account the 825.12 million CAMEC Shares acquired by ENRC Africa on 17 and 18 September 2009, as of on 7 December 2009, ENRC either owned or had received valid acceptances in respect of 2.75 billion CAMEC Shares, representing about 95.40% of the entire issued share capital of CAMEC.

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