Burford Capital Regulatory News (BUR)

14 Feb 2008 15:33

Eni UK Holding PLC14 February 2008 ANNOUNCEMENT OF COMPULSORY ACQUISITION OFFER UPDATE Eni UK Holding plc NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART IN, INTO ORFROM CANADA OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OFTHE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION FOR IMMEDIATE RELEASE 14 February 2008 Recommended cash offer by Eni UK Holding plc (a wholly-owned subsidiary of Eni S.p.A.) for Burren Energy plc COMPULSORY ACQUISITION OF OUTSTANDING BURREN ENERGY PLC SHARES On 11 December 2007 Eni UK Holding plc ("Eni Holding") made an offer for theentire issued and to be issued share capital of Burren Energy plc ("Burren")(the "Offer"). Eni Holding announces that as at 1.00 p.m. (London time) on 13 February 2008 ithas received valid acceptances in respect of, or otherwise contracted toacquire, 135,887,545 Burren Shares, representing approximately 94.3 per cent. ofthe Burren Shares to which the Offer relates. Accordingly, having received more than 90 per cent. in value of, and more than90 per cent. of the voting rights carried by, the Burren Shares, Eni Holding istoday despatching compulsory acquisition notices under sections 979 and 980 ofthe Companies Act 2006 to the holders of Burren Shares who have not yet acceptedthe Offer. The transfer of the compulsorily acquired Burren Shares to EniHolding is expected to take place on or after 27 March 2008. The Offer, including the Loan Note Alternative, will remain open for acceptanceuntil further notice. Terms defined in the Offer Document dated 11 December 2007 have the samemeanings in this announcement unless the context otherwise requires. Press Enquiries: Eni SpA Press Office: +39 02 520 31875 or +39 06 598 2398 Switchboard: +39 0659821 ufficio.stampa@eni.it segreteriasocietaria.azionisti@eni.it investor.relations@eni.it Website: www.eni.it N M Rothschild & Sons Limited Roger Ader, Neeve Billis or Ed Welsh +44 (0) 207 280 5000 Finsbury Limited Mark Harris or Andrew Mitchell +44 (0) 207 251 3801 The availability of the Offer to persons outside the United Kingdom may beaffected by the laws of other jurisdictions. Such persons should informthemselves and observe any applicable requirements of those jurisdictions. Anyfailure to comply with such restrictions may constitute a violation of thesecurities law of any such jurisdiction. In particular, the Offer (including the Loan Note Alternative) is not being madein or into, and is not capable of acceptance, in whole or in part in, in or fromCanada. Accordingly, copies of the Offer Document and the Form of Acceptanceand any related documents are not being, and must not be, mailed or otherwiseforwarded, distributed or sent in or into Canada. Custodians, nominees andtrustees should observe these restrictions and should not send or distributedocuments in or into Canada. The Loan Notes have not been, and will not be, registered under the USSecurities Act, nor under any laws of any jurisdiction of the United States, therelevant clearances have not been, and will not be, obtained from the securitiescommission of any province of Canada and no prospectus in relation to the LoanNotes has been, or will be, lodged with, or registered by, the AustralianSecurities and Investment Commission or the Japanese Ministry of Finance.Accordingly, the Loan Notes may not (unless an exemption under the relevantsecurities laws is applicable) be offered, sold, resold, delivered ortransferred, directly or indirectly, in or into the United States, Canada,Australia or Japan or any other jurisdiction if to do so would constitute aviolation of the relevant laws of, or require registration thereof in, suchjurisdiction or to, or for the account or benefit of, a person located in theUnited States, Canada, Australia or Japan. Further details in relation to Overseas Shareholders are contained in the OfferDocument. The Offer Document will be made available for public inspection in theUnited Kingdom. N M Rothschild & Sons Limited, which is authorised and regulated by the FSA inthe United Kingdom, is acting for Eni Holding and Eni S.p.A. in connection withthe Offer and no one else and will not be responsible to anyone other than EniHolding and Eni for providing the protections afforded to clients of N MRothschild & Sons Limited nor for providing advice in relation to the Offer orany matter referred to herein. This information is provided by RNS The company news service from the London Stock Exchange