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

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December 09, 2019 05:38 ET (10:38 GMT)

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