Still not up on LSE21 Nov 2014 07:16
Offer Terms
Under the terms of the Proposed Offer, Salamander shareholders would be entitled to receive the following consideration:
0.5719 Ophir shares for each Salamander share.
On the basis of Ophir's share price of 202.7 pence on 24 October 2014 (being the last business day prior to the announcement by Salamander on 27 October 2014*), the terms of the Proposed Offer represent an indicative offer value of 115.9 pence for each Salamander share, which represents an indicative premium of approximately:
● 44.5 per cent. to the closing price of 80.3 pence per Salamander Share on 24 October 2014 (being the last business day prior to the date of the announcement by Salamander on 27 October 2014*); and
● 31.6 per cent. to the volume weighted average share price of 88.1 pence per Salamander Share for the 1 month period between 25 September 2014 and 24 October 2014 (being the 1 month period to the last business day prior to the date of the announcement by Salamander on 27 October 2014*).