9 Aug 2021 07:00
9 August 2021
THE FOLLOWING ANNOUNCEMENT IS BEING MADE PURSUANT TO THE REQUIREMENTS OF RULE 19.6(C) OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE"), WHICH, INTER ALIA, REQUIRES A PARTY TO AN OFFER TO MAKE AN ANNOUNCEMENT AT THE END OF A PERIOD OF 12 MONTHS FROM THE DATE ON WHICH THE OFFER PERIOD ENDED CONFIRMING WHETHER IT HAS TAKEN, OR NOT TAKEN, THE COURSE OF ACTION SET OUT IN ITS STATED INTENTIONS.
Challenger Energy Group PLC
("Challenger Energy" or the "Company")
Rule 19.6(c) confirmation with respect to stated post-offer intentions with regard toColumbus Energy Resources plc now Columbus Energy Resources Limited ("CERP")
Challenger Energy announces that further to the completion of its acquisition of CERP, which was effected by way of court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 on 8 August 2020, it has duly confirmed in writing to The Panel on Takeovers and Mergers in accordance with the requirements of Rule 19.6(c) of the Code that Challenger Energy has complied with its post-offer intention statements made pursuant to Rules 2.7(c)(viii), 19.6 and 24.2 of the Code, as originally detailed in Challenger Energy's Rule 2.7 announcement of 11 June 2020 and CERP's scheme document published on 1 July 2020.
For further information, please contact:
Challenger Energy Group PLC Eytan Uliel, Chief Executive Officer | Tel: +44 (0) 1624 647 882 |
Strand Hanson Limited - Nomad Rory Murphy / James Spinney / Rob Patrick | Tel: +44 (0) 20 7409 3494 |
Shore Capital Stockbrokers Limited - Joint Broker Jerry Keen / Toby Gibbs | Tel: +44 (0) 207 408 4090 |
Investec Bank Plc - Joint Broker Chris Sim / Rahul Sharma | Tel: +44 (0) 207 597 5970 |
Gneiss Energy - Financial Adviser Jon Fitzpatrick / Paul Weidman / Doug Rycroft | Tel: +44 (0) 20 3983 9263 |
CAMARCO Billy Clegg / James Crothers / Hugo Liddy | Tel: +44 (0) 020 3757 4980 |
Notes to Editors
Challenger Energy is a Caribbean and Atlantic margin focused oil and gas company, with a range of exploration, appraisal, development and production assets and licences, located onshore in Trinidad and Tobago, and Suriname, and offshore in the waters of The Bahamas and Uruguay. In Trinidad and Tobago, Challenger Energy has five (5) producing fields, two (2) appraisal / development projects and a prospective exploration portfolio in the South West Peninsula. In Suriname, Challenger Energy has on onshore appraisal / development project. Challenger Energy's exploration licence in each of Uruguay and The Bahamas are highly prospective, and offer high-impact value exposure within the overall portfolio value.
Challenger Energy is quoted on the AIM market of the London Stock Exchange.
https://www.cegplc.com
ENDS
Challenger Energy (CEG)