21 Dec 2017 16:53
21 December 2017
Legal Entity Identifier: 2138009DIENFWKC3PW84
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Gulf Investment Fund plc
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("GIF" or the "Company")
Clarification re Tender Offer
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The below information is being disclosed as a result of an error with the tender offer calculation. For the avoidance of doubt, there is no change to the total of 10,273,471 shares tendered.
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The 11 December announcement included the following paragraph:
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Results of Tender Offer
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….A total of 10,014,467 Shares were validly tendered under the Basic Entitlement of the Tender Offer. This equates to approximately 9.75 per cent. of the Shares in issue as at 9 November 2017 (excluding treasury shares), and approximately 97.48 per cent. of the Shares available under the Tender Offer. Excess tenders will be satisfied to the extent of a further 259,004 Shares, representing 0.43 per cent. of the excess Shares tendered….
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This paragraph should be replaced with the following paragraph:
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A total of 10,041,048 Shares were validly tendered under the Basic Entitlement of the Tender Offer. This equates to approximately 9.77 per cent. of the Shares in issue as at 9 November 2017 (excluding treasury shares), and approximately 97.74 per cent. of the Shares available under the Tender Offer. Excess tenders will be satisfied to the extent of a further 232,423 Shares, representing 0.39 per cent. of the excess Shares tendered.
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For further information:
Gulf Investment Fund Plc +44 (0) 1624 692 600
Nick Wilson
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Panmure Gordon +44 (0) 20 7886 2500
Richard Gray / Andrew Potts / Atholl Tweedie
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Maitland +44 (0) 20 7379 5151
William Clutterbuck / Cebuan Bliss
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Galileo Fund Services Limited +44 (0) 1624 692 600
Ian Dungate / Suzanne Jones