CIFU.L Regulatory News (CIFU)

RNS Number : 8250L

GSO Capital Prtrs Emp SideBySide Fd

13 May 2010

 

Not for release, publication or distribution, in or into Australia, Canada,

Japan or the United States of America or any other jurisdiction where to do so would constitute

a violation of the relevant laws of such jurisdiction

 

 

FINAL RESULTS OF THE TENDER OFFER

BY GSO CAPITAL PARTNERS EMPLOYEE SIDE BY SIDE FUND LLC AND MIGUEL RAMOS-FUENTENEBRO

TO PURCHASE UP TO 2 MILLION US DOLLAR SHARES AT $0.50 PER US DOLLAR SHARE

AND/OR EURO SHARES OF UP TO AN EQUIVALENT VALUE AT €0.37 PER EURO SHARE

 

 

Further to the announcement and Tender Offer Circular issued on April 26, 2010, GSO Capital Partners Employee Side by Side Fund LLC and Miguel Ramos-Fuentenebro (together, the "Tendering Parties") announce today the final results of their tender offer (the "Tender Offer") to purchase Shares of Carador Plc. The Tender Offer closed at 5:00 pm, London time, on May 11, 2010.

 

Capitalized terms not otherwise defined in this press release have the same meaning assigned to them in the Tender Offer Circular dated April 26, 2010 relating to the Tender Offer.

 

Final Results of the Tender Offer

 

The Tendering Parties are pleased to announce that they have accepted a total of 1,179,932 US Dollar Shares and 550,000 Euro Shares validly tendered under the Tender Offer at the US Dollar Tender Price of $0.50 and Euro Tender Price of €0.37 respectively, representing approximately 1.2% of the issued Shares of Carador Plc.

 

All of the US Shares and Euro Shares validly tendered for purchase under the Tender Offer have been accepted.

 

Timetable

 

CREST accounts debited in respect of uncertificated Shares sold under the Tender Offer	Friday 21 May 2010
Despatch of cheques for Tender Offer proceeds in respect of Shares sold under the Tender Offer	Friday 21 May 2010
Despatch of replacement Share Certificates (where applicable)	Friday 21 May 2010

 

The dates and times (which are London times) given are based on the current expectations of GSO Capital Partners Employee Side by Side Fund LLC and Miguel Ramos-Fuentenebro and may be subject to change. If there are any changes to any dates or times, a revised timetable will be published by way of announcement through a Regulatory Information Service.

 

Offer and Distribution Restrictions

 

This press release must be read in conjunction with the Tender Offer Circular. The distribution of this press release in certain jurisdictions may be restricted by law. Persons into whose possession this press release and/or the Tender Offer Circular comes are required to inform themselves about, and to observe, any such restrictions.

 

The Tender Offer is subject to further distribution restrictions as more fully set out in the Tender Offer Circular.

 

This information is provided by RNS

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