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Pin to quick picksGulf Regulatory News (GIF)

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Gulf Investment is an Investment Trust

To capture the opportunities for growth offered by the expanding GCC economies by investing in listed companies on one of the GCC exchanges or companies soon to be listed on one of the GCC exchanges.

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Clarification re: Tender Offer

21 Dec 2017 16:53

RNS Number : 1387A
Gulf Investment Fund PLC
21 December 2017
 

21 December 2017

Legal Entity Identifier: 2138009DIENFWKC3PW84

 

Gulf Investment Fund plc

 

("GIF" or the "Company")

Clarification re Tender Offer

 

 

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.

 

The 11 December announcement included the following paragraph:

 

Results of Tender Offer

 

….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….

 

This paragraph should be replaced with the following paragraph:

 

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.

 

 

 

 

For further information:

Gulf Investment Fund Plc +44 (0) 1624 692 600

Nick Wilson

 

Panmure Gordon +44 (0) 20 7886 2500

Richard Gray / Andrew Potts / Atholl Tweedie

 

Maitland +44 (0) 20 7379 5151

William Clutterbuck / Cebuan Bliss

 

Galileo Fund Services Limited +44 (0) 1624 692 600

Ian Dungate / Suzanne Jones

This information is provided by RNS
The company news service from the London Stock Exchange
 
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