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IN BRIEF: GEM Capital's Volga Gas Offer Declared Unconditional

Fri, 12th Feb 2021 14:10

Volga Gas PLC - oil & gas explorer operating in Volga region of Russia - GEM Capital Holdings (CY) Ltd's 23.71 pence per share cash offer is declared unconditional as to acceptances with 74.3 million acceptances received so far, representing just under a 92% stake.

GEM's GBP19.2 million offer, most recently extended on Tuesday last week, has been extended again and will remain open for acceptances until March 4.

Current stock price: 23.10p

Year-to-date change: up 9.1%

By Anna Farley; annafarley@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

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10 Oct 2013 13:56

DIRECTOR DEALINGS: Volga Gas Director Sells Shares

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The Group Finance Director of Domino Printing sold 72,763 pounds-worth of shares on Tuesday, the same day the company warned investors that market conditions continued to be 'difficult' in many regions. Andrew Herbert, who joined the company in 1986, disposed of a total of 11,160 shares at 652p a

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18 Sep 2013 11:24

DIRECTOR DEALINGS: Volga Gas Directors In 100,000 Share Off-Market Transfer

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17 Sep 2013 08:57

Volga Gas Swings To Profit On Increased Sales, Lower Exploration Costs

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6 Dec 2012 13:14

Volga Gas releases independent assessment of oil and gas reserves

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18 Sep 2012 12:53

Volga Gas says increased production is 'imminent'

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2 Dec 2011 14:58

Legal & General vice chairman stocks up

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13 Sep 2011 11:51

Volga Gas profits soar as output increases

Volga Gas, the oil and gas exploration and production group operating in the Volga Region of Russia, saw profits in the six months to 30 June soar after a sharp increase in production. Pre-tax profits rose to $3.1m from $176,000 over the same period the previous year on revenues that climbed to $14

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17 Jun 2011 11:56

Volgas gas rises 3% following trading update

The Russia based oil and gas exploration and production group Volgas gas has today provided an update on current activities. First of all, the acquisition of the Dobrinskoye gas field and plant was completed during April 2011 and began contributing to revenues as of 1 April 2011. Secondly, it poi

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21 Sep 2010 16:14

Small caps round-up: Stanley Gibbons, Plantic, Volga, Somero...

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16 Sep 2009 17:03

London close: Footsie nears 52-week high

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16 Sep 2009 14:30

London afternoon: Footsie consolidates gains

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16 Sep 2009 13:49

Volga Gas's EBITDA turns positive

Volga Gas, the oil and gas exploration and production group operating in the Volga Region of European Russia, virtually eliminated losses in the first half of 2009 as the revenue started to roll in. Loss before tax in the six months to 30 June 2009 narrowed to $0.22m from $5.03m in the first half o

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25 Aug 2009 16:12

Volga Gas pleased with Yuzhny Uzenskaya progress

Oil and gas firm Volga Gas saw its shares shoot higher Tuesday after an update on supra-salt drilling and development activities in its Karpenskiy Licence Area. The company said the Yu-Uz#8 development well on the Yuzhno-Uzenskaya field has been drilled and has tested productive oil pay while the Y

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