George Frangeskides, Exec-Chair at Alba Mineral Resources, discusses grades at the Clogau Gold Mine. Watch the full video here.

Less Ads, More Data, More Tools Register for FREE
Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc
Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRocView Video
Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors
Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investorsView Video

Latest Share Chat

Pin to quick picksPMEA.L Regulatory News (PMEA)

  • There is currently no data for PMEA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Update: C30 Locomotive Put Option

15 Nov 2016 07:00

RNS Number : 1546P
PME African Infrastructure Opps PLC
15 November 2016
 

15 November 2016

 

PME African Infrastructure Opportunities plc

("PME", the "Company" and together with its subsidiaries the "Group")

(AIM: PMEA.L)

 

 

Update: C30 Locomotive Put Option

 

 

PME African Infrastructure Opportunities plc is an investment company, established to invest in sub-Saharan African infrastructure and infrastructure related industries. In 2012 the Company adopted a revised investing policy, pursuant to which the Company has sought to realise its remaining assets and return the capital to shareholders. Since 2012, the Company has disposed of the majority of its assets and held three tender offers, returning a total of US$26.8 million to shareholders. The Company's remaining assets consist of two assets, namely three C30 locomotives and a building in Dar-es-Salaam, Tanzania.

 

Following the sale of its rail assets in April 2015, the Company, via a wholly owned subsidiary, has a put option to require Sheltam (Mauritius) Limited ("Sheltam") to purchase any one or more of the three C30 locomotives still owned by the Group for US$1,416,666 per locomotive (the "Option"). The Option is exercisable at any point during a 90 day period commencing on 6 November 2016 (the "Option Period") and has therefore commenced.

 

In accordance with its current investing policy, the Company intends to exercise the Option in respect of all three C30 locomotives prior to the expiry of the Option Period and has communicated this intention to Sheltam. At this point the precise timing of the Group's exercise of the Option, and hence the receipt of funds from Sheltam, has not yet been determined. The Company will update shareholders further in due course.

 

 

For further information please contact:

 

Smith & Williamson Corporate Finance Limited

Nominated Adviser

Azhic Basirov / Ben Jeynes

 

 

+44 20 7131 4000

Stifel Nicolaus Europe Limited

Broker

Neil Winward / Tom Yeadon

 

+44 20 7710 7600

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
UPDBIBBTMBIBTTF
Date   Source Headline
7th Apr 20202:42 pmRNSResult of EGM
5th Mar 202012:01 pmRNSProposed AIM Cancellation and Notice of EGM
30th Jan 20209:48 amRNSFurther re Proposed Cancellation & EGM Adjournment
15th Jan 20202:05 pmRNSSecond Price Monitoring Extn
15th Jan 20202:00 pmRNSPrice Monitoring Extension
17th Dec 20197:00 amRNSProposed AIM Cancellation and Notice of EGM
29th Nov 201912:37 pmRNSResult of AGM
29th Nov 201911:00 amRNSAGM Statement
29th Nov 20197:00 amRNSAmendment to Loan Agreement
18th Oct 20194:30 pmRNSPosting of Notice of AGM
23rd Sep 20197:00 amRNSPosting of Interim Report
16th Sep 20197:00 amRNSHalf-year Report
16th May 201911:39 amRNSAvailability of Annual Report and Accounts
10th May 20197:00 amRNSFinal Results
7th May 20191:37 pmRNSLoan Agreement
20th Mar 201910:45 amRNSProperty Valuation and Notice of Results
12th Dec 20187:00 amRNSChange of Adviser
15th Nov 201812:20 pmRNSResult of AGM
4th Oct 20182:05 pmRNSSecond Price Monitoring Extn
4th Oct 20182:00 pmRNSPrice Monitoring Extension
20th Sep 201812:20 pmRNSPosting of Interim Report and Notice of AGM
18th Sep 20187:00 amRNSHalf-year Report
15th May 20184:00 pmRNSAvailability of Annual Report
10th May 20187:00 amRNSFinal Results
1st Mar 20185:42 pmRNSHolding(s) in Company
27th Oct 201712:31 pmRNSResult of AGM
3rd Oct 20177:00 amRNSPosting of Interim Report and Notice of AGM
28th Sep 20177:00 amRNSHalf-year Report
27th Sep 20177:00 amRNSHolding(s) in Company
20th Sep 20173:21 pmRNSDirector/PDMR Shareholding
15th Sep 20177:00 amRNSResult of Tender Offer and Director's Dealing
6th Sep 20172:53 pmRNSResult of EGM
1st Aug 20172:57 pmRNSNotice of EGM, Circular and Current Tender Offer
29th Jun 201711:29 amRNSCompletion of Put Option
12th Jun 20172:54 pmRNSExtension of Put Option Completion
10th May 20179:25 amRNSAvailability of Annual Report and Accounts
5th May 20177:00 amRNSFinal Results
2nd Feb 20171:48 pmRNSExercise of Option and Extension of Completion
15th Nov 20167:00 amRNSUpdate: C30 Locomotive Put Option
14th Oct 20161:25 pmRNSResult of AGM
19th Sep 201612:54 pmRNSPosting of Interim Report and Notice of AGM
14th Sep 20167:00 amRNSHalf-year Report
29th Apr 20161:11 pmRNSAvailability of Annual Report and Accounts
22nd Apr 20167:00 amRNSFinal Results
22nd Feb 20169:28 amRNSHolding(s) in Company
1st Dec 20157:00 amRNSResult of Tender Offer and Director's Dealing
23rd Nov 201511:11 amRNSResult of EGM
6th Nov 20157:00 amRNSNotice of EGM, Circular and Current Tender Offer
22nd Oct 20156:20 pmRNSResult of AGM
21st Sep 201512:44 pmRNSPosting of Interim Report & Notice of AGM

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.