TIDMOLEE
RNS Number : 2076W
Oleeo PLC
09 December 2019
9 December 2019
This announcement amends and replaces the announcement "Results
of Tender Offer and PDMR Dealings" made by Oleeo plc ("Oleeo" or
"Company") on 6 December 2019 at 10.28am under RNS Number:
0479W.
The previous announcement made reference to the Tender Offer and
sale of 846,627 Ordinary Shares of 0.1 pence each. The reference
should have been to the Tender Offer and sale of 879,252 Ordinary
Shares of 0.1 pence each. As a consequence, the references in the
previous announcement to the total number of ordinary shares in
issue, the total number of voting rights in the Company and the
figure which may be used by shareholders as the denominator for the
calculation by which they may determine if they are required to
notify their interest in, or change to their interest in, the
Company under the FCA's Disclosure Guidance and Transparency Rules
as being 6,804,777 were incorrect. Those references should have
been to 6,772,152 ordinary shares. All of the other information
remains unchanged.
The amended announcement is set out in full below:
Oleeo Plc
("Oleeo" or the "Company")
Results of Tender Offer and PDMR Dealings
Oleeo plc (LSE AIM: OLEE), announces the results of the Tender
Offer and sale of ordinary shares of 0.1 pence each ("Ordinary
Shares") as a result of the Tender Offer by David Moore and David
Earland, who are both classified as PDMRs of the Company.
Results of Tender Offer
The Company was authorised to purchase up to 1,348,124 Ordinary
Shares. A total of 879,252 Ordinary Shares (being 11.49% of the
Company's issued share capital of 7,651,404 Ordinary Shares) were
validly tendered under the Tender Offer, representing approximately
65.22% of the number of Ordinary Shares available to tender, and
will be repurchased by the Company under the Tender Offer and
cancelled. The entitlement of all Shareholders who have validly
tendered their Ordinary Shares will be accepted in full.
It is expected that cheques will be dispatched, and CREST
accounts will be credited, in respect of successfully tendered
Ordinary Shares and that balancing share certificates in respect of
any unsold certificated Ordinary Shares will be dispatched by 16
December 2019.
Following the Tender Offer and the cancellation of the
repurchased shares, the Company will reduce its share capital in
issue from 7,651,404 Ordinary Shares to 6,772,152 Ordinary Shares
in issue (the "Reduced ISC"). The Company does not hold any
Ordinary Shares in treasury.
Trading in the Company's Ordinary Shares on AIM will cease at
the close of business on Wednesday 11 December 2019, with
cancellation of such trading taking effect from 7.00 a.m. on
Thursday 12 December 2019.
PDMR Dealings
David Moore, the Company's Technical Director classified as a
PDMR, has tendered 10,000 Ordinary Shares at the Tender Offer Price
of 165 pence. Following this sale, David Moore holds 5,100 Ordinary
Shares, representing 0.08% of the Reduced ISC and options over
40,000 Ordinary Shares.
David Earland, the Company's Operations Director classified as a
PDMR, has tendered 9,150 Ordinary Shares at the Tender Offer Price
of 165 pence. Following this sale, David Earland holds 11,400
Ordinary Shares, representing 0.17% of the Reduced ISC and options
over 42,910 Ordinary Shares.
The FCA notification, made in accordance with the requirements
of the EU Market Abuse Regulation is appended below.
Terms used in this announcement have the same meaning as in the
Company's circular to Shareholders dated 8 November 2019
("Circular"). The Circular can be viewed on, and downloaded from,
the Company's website at www.oleeo.com.
For further information:
Oleeo Plc
Charles Hipps, Managing Director
Telephone: +44 (0)20 8946 9876
Email: chipps@oleeo.com
Panmure Gordon (UK) Limited
Nominated Adviser and Broker
Alina Vaskina / Justin Gulston / Ryan Lever
Telephone: +44 (0)20 7886 2952
For more information visit: www.oleeo.com
Notification and public disclosure of transactions by persons
discharging managerial responsibilities and persons closely
associated with them.
1. Details of the person discharging managerial responsibilities/person
closely associated
a) Names David Moore, the Company's Technical
Director
David Earland, the Company's Operations
Director
------------------------------- --------------------------------------------
2. Reason for the notification
-----------------------------------------------------------------------------
a) Position/status See 1(a) above for all positions
- all classified as PDMRs of the
Company
------------------------------- --------------------------------------------
b) Initial notification/Amendment Initial Notification
------------------------------- --------------------------------------------
3. Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
-----------------------------------------------------------------------------
a) Name Oleeo plc
------------------------------- --------------------------------------------
b) LEI 213800COCTT34VO8KL75
------------------------------- --------------------------------------------
4. Details of the transaction(s): section to be repeated for
(i) each type of instrument; (ii) each type of transaction;
(iii) each date; and (iv) each place where transactions
have been conducted
-----------------------------------------------------------------------------
a) Description of the financial Ordinary Shares of 0.1 pence each
instrument
------------------------------- --------------------------------------------
b) Identification code GB0002677085
------------------------------- --------------------------------------------
c) Nature of the transactions Sale of Ordinary Shares as a result
of the Tender Offer
------------------------------- --------------------------------------------
d) Price(s) and volume(s) David Moore: Price(s) Volume(s)
165p sale price 10,000 Ordinary Shares
sold
-----------------------
David Earland: Price(s) Volume(s)
165p sale price 9,150 Ordinary Shares
sold
----------------------
------------------------------- --------------------------------------------
e) Aggregated information
* Aggregated volume David Moore: 165p for 10,000 Ordinary
Shares sold
David Earland: 165p for 9,150 Ordinary
* Price Shares sold
------------------------------- --------------------------------------------
f) Date of the transactions 5 December 2019
------------------------------- --------------------------------------------
g) Place of the transactions London Stock Exchange
------------------------------- --------------------------------------------
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
RTEEAEANEDSNFFF
(END) Dow Jones Newswires
December 09, 2019 05:38 ET (10:38 GMT)
Grafico Azioni Oleeo (LSE:OLEE)
Storico
Da Feb 2024 a Mar 2024
Grafico Azioni Oleeo (LSE:OLEE)
Storico
Da Mar 2023 a Mar 2024