PTT Exploration Receives 94.32% Acceptances for Cove Energy Offer
08/17/2012| 02:51am US/Eastern
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LONDON--Thai exploration company PTT Exploration & Production Public Co Ltd (PTTEP.PH) Friday said it has received 94.32% valid acceptances for its acquisition offer for Cove Energy PLC (>> Cove Energy PLC) as at 1200 GMT on Aug. 16.
MAIN FACTS:
-Recommended Cash Offer by PTTEP Africa Investment Limited for Cove Energy.
-PTTEP AI has received valid acceptances from Cove Shareholders in respect of 463.1 million Cove shares representing 94.32% of the existing issued share capital of Cove.
-All of the conditions to the recommended Offer for Cove have been satisfied or waived and the offer is declared wholly unconditional.
-Shares of Cove Energy on Thursday closed at 240 pence.
-Write to Tapan Panchal at tapan.panchal@dowjones.com
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