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18 Dec 2017 17:30
18 December 2017
Legal Entity Identifier: 2138009DIENFWKC3PW84
Gulf Investment Fund plc
("GIF" or the "Company")
Tender Price & Total Voting Rights
Further to the Company's announcement on 7 December 2017 regarding the passing of the resolutions at the Company's Extraordinary General Meeting to give effect to the Tender Offer, and the result of the Tender Offer, the Board today announces that the Tender Price, which has been calculated in accordance with paragraph 3 of Part III of the Circular dated 10 November 2017, is US$0.9933 per Share.
It is expected that cheques will be despatched and CREST accounts will be credited with proceeds in respect of successfully tendered shares and with unsold uncertificated Shares by 27 December 2017. It is expected that balancing certificates in respect of unsold certificated Shares will be despatched from 27 December 2017.
The 10,273,471 Shares tendered under the Tender Offer will be cancelled, and following the cancellation, the Company will hold 238,182 of its ordinary shares in treasury and will have 92,461,242 Shares in issue (excluding treasury shares).
The above figure of 92,461,242 may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company under the FCA's Disclosure and Transparency Rules.
Terms used in this announcement shall, unless the context otherwise requires, bear the meaning given to them in the Circular.
For further information:
Gulf Investment Fund Plc +44 (0) 1624 622 851
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
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