23 Nov 2015 11:11
23 November 2015
PME African Infrastructure Opportunities plc
("PME" or the "Company")
(AIM: PMEA.L)
Result of EGM
PME African Infrastructure Opportunities plc announces that the Resolution put to Shareholders at the Extraordinary General Meeting of the Company held today was duly approved.
With Shareholders having approved the renewal of the authority for the Company to return capital to Shareholders via Tender Offers, the Current Tender Offer, which will return up to US$7.7 million to Shareholders through the purchase by the Company of up to 38,376,948 existing Ordinary Shares from Eligible Shareholders at a price of US$0.20 per Ordinary Share, will now proceed.
The Current Tender Offer is only available to Shareholders (other than certain Overseas Shareholders) on the Register on the Record Date, and only in respect of a maximum of 1 Ordinary Share for every 2 Ordinary Shares registered in their names on the Record Date.
Further details of the Current Tender Offer, including its terms and conditions, are set out in the Circular and accompanying Tender Form posted to Shareholders on 6 November 2015. The Circular and Tender Form are also available on the Company's website at www.pmeinfrastructure.com.
Ordinary Shares purchased by the Company will be cancelled so that such Ordinary Shares will no longer be in issue but the Company's authorised share capital will remain unchanged.
Expected Timetable of Events
Latest time and date for receipt of Tender Forms and for settlement of TTE instructions in respect of the Current Tender Offer
| 1:00 p.m. on 30 November 2015 |
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Record Date for the Current Tender Offer
| 5.00 p.m. on 30 November 2015 |
Announcement of results of the Current Tender Offer
| 1 December 2015 |
CREST accounts credited with Current Tender Offer proceeds and holdings of uncertificated Ordinary Shares revised
| 4 December 2015 |
Despatch of cheques for Current Tender Offer proceeds for certificated Ordinary Shares and any applicable balance certificates
| 4 December 2015 |
All defined terms are as set out in the Circular and Tender Form.
For further information please contact:
Smith & Williamson Corporate Finance Limited Azhic Basirov / Ben Jeynes
| +44 20 7131 4000 |
Stifel Nicolaus Europe Limited Neil Winward / Tom Yeadon | +44 20 7710 7600
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