Last checked at 17 Dec 2015 11:36
OIL AND GAS DEEVELOPMENT COMPANY LIMITED
ISLAMABAD, PAKISTAN
No.CS04-08/04-09/04-10(KSE/LSE/ISE)
December 17, 2015
1. The General Manager 2. The Secretary
Karachi Stock Exchange (G) Ltd Lahore Stock Exchange (G) Ltd
Stock Exchange Building 19-Khayaban-e-Aiwan-e-Iqbal
Stock Exchange Road Lahore
Karachi Fax:042-36368485
Fax:021-111-573-329, 2437560
3. The Secretary 4. London Stock Exchange Plc.
Islamabad Stock Exchange (G) Ltd Paternoster Square
55-B, ISE Towers, Jinnah Avenue London EC4M 7LS
Islamabad Tel: (44) 020 7334 8907
Fax:051-111-473-329
Subject: SUBMISSION OF NON BINDING CASH OFFER FOR THE ENTIRE ISSUED
SHARE CAPITAL OF PREMIER OIL PAKISTAN HOLDINGS B.V. (POPH)
Dear Sir,
OGDCL is participating in the bidding round with regard to corporate sale of Premier Oil Pakistan Holdings B.V. (POPH) and has submitted a non binding cash offer for its entire issued share capital. The transaction will be subject to approval by OGDCL Board and execution of Sale Purchase Agreement (SPA) in case OGDCL's offer is accepted. The expected completion date for the transaction is June 30, 2016.
The above information is submitted in compliance with Code of Corporate Governance for dissemination amongst your members please.
Yours truly,
(AHMED HAYAT LAK)
Company Secretary