13 Apr 2015 07:00
Range Resources Drilling Services Limited sale update
Further to the Company's announcement on 19 March 2015, Range advises that the completion of the Range Resources Drilling Services Limited (RRDSL) disposal has been delayed and is now anticipated during April 2015.
To date, Range has received US$2.30 million of the sale proceeds. Range is due to receive the remaining sale proceeds of US$2.07 million at final completion, as well as US$0.50 million as a result of balance sheet adjustment (total amount of US$2.57 million) in accordance with the Sale & Purchase Agreement.
Contacts
Cantor Fitzgerald Europe(Nominated Advisor and Broker)
David Porter / Sarah Wharry(Corporate finance)
Richard Redmayne (Corporate broking)
t. +44 (0)20 7894 7000
Range Resources Limited
Australian Office
Ground Floor, BGC Centre
28 The Esplanade
Perth WA 6000
Australia
t. +618 6205 3012
UK Office
Suite 1A, Prince's House38 Jermyn StreetLondon, SW1Y 6DNUnited Kingdom
t. +44 (0)20 7025 7040
f. +44 (0)20 7287 8028
e. admin@rangeresources.co.uk
www.rangeresources.co.uk