19 Feb 2015 12:29
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION
THIS IS AN ANNOUNCEMENT FALLING UNDER RULE 2.8 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE")
FOR IMMEDIATE RELEASE
19 February 2015
On 5 February 2014 Proxima Capital Group Inc ("PCG") announced that it was in the very early stages of considering a potential offer for JKX Oil & Gas plc ("Company") and that there could be no certainty that a firm offer would be made. Following further considerations, PCG hereby announces that it does not intend to make an offer for the Company.
This announcement is made in accordance with Rule 2.8 of the Code. As a result of this announcement PCG will, together with any party acting in concert with PCG, be bound by the restrictions contained in Rule 2.8 of the Code.
Enquiries:
Vladimir Tatarchuk
Chairman of the Board, Chief Executive Officer
Proxima Capital Group Inc +7 (495) 970 0786
Sergey Dmitriev
International Legal Counsel
Proxima Capital Group Inc +7 (495) 970 0786
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