14 Jul 2017 18:19
For Immediate Release
14 July 2017
Exillon Energy plc ("Exillon" or the "Company")
Information about the announcement of Tender Offer for Exillon shares listed on the Warsaw Stock Exchange
The Board of Directors of Exillon notes the announcement earlier today by Seneal International Agency Ltd ("Seneal"), a company which is a significant shareholder of Exillon and is ultimately controlled by Mr. Alexey Khotin, that it has launched as of the date hereof a public tender offer to purchase shares of Exillon. The tender offer was announced in connection with the intention of Seneal to delist Exillon shares from trading on the Warsaw Stock Exchange ("WSE"). In accordance with Polish law, the tender offer applies only to such shares of Exillon which were acquired in transactions executed on the regulated market in the Republic of Poland and are entered in securities accounts maintained in the Republic of Poland as at the end of the second day after the announcement of the tender offer, i.e. 16 July 2017 (the "Shares").
The purchase price for the Shares to which the tender offer applies is PLN 7.15 per Share.
The tender offer is conditional on approval by way of passing of the relevant corporate resolutions by the Board of Directors of Exillon on withdrawal of the Shares from trading on WSE.
Regardless of the delisting from WSE, Exillon's shares will continue to trade on the London Stock Exchange ("LSE"), and the Company intends to maintain its premium listing on the LSE.
Media contacts:
Tom Blackwell, EM
Blackwell@em-comms.com
+7 919 102 9064