Dragon Oil Plc. (DGO.L) said Emirates National Oil Corporation LLC or "ENOC" confirmed that, whether or not the Acquisition is successful, ENOC remains a committed long-term majority shareholder in Dragon Oil.
The Board of ENOC has confirmed again to the Independent Committee that ENOC remains a committed long-term majority shareholder in Dragon Oil. In support of this commitment, the Board of ENOC has undertaken to the Independent Committee that it will not sell, or accept any offer for, the shares ENOC holds in Dragon Oil until at least 31 December 2011.
The Board of ENOC also confirms that the Acquisition will continue to be structured as a takeover scheme of arrangement and that no application will be made to the Irish Takeover Panel for consent to structure the Acquisition as a takeover offer.
The Board of ENOC continues to believe that the Acquisition represents a highly attractive outcome for the minority shareholders of Dragon Oil.
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.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.