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Further re Separation Transaction

9 Sep 2013 13:55

RNS Number : 5373N
Bumi plc
09 September 2013
 



 

 

 

 

9 September 2013

For Immediate Release

 

 

Bumi plc ("Bumi" or the "Company")

 

Separation Transaction Update

 

On 30 August 2013, in its half year results announcement for the period ended 30 June 2013, the Company stated that it expected a circular relating to the proposed transaction to effect the separation of the Company from the Bakrie Group and PT Bumi Resources Tbk (the "Separation") would be sent to shareholders in September 2013.

 

As previously stated, this is a complex transaction and there are certain items relating to the Separation that remain outstanding and are outside of the Company's control. While the Company continues to work towards bringing the Separation to fruition as soon as possible based on the financial terms previously announced, as a result of ongoing discussions regarding these items there is less certainty around the timing and status of the Separation.

 

A further update will be provided to shareholders as and when appropriate.

 

 

-ENDS-

 

For enquiries, please contact:

 

 

 

RLM Finsbury

Ed Simpkins / Charles O'Brien

+44 (0) 20 7251 3801

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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