THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES.
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR TO ANY PERSON LOCATED OR RESIDENT IN, ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.
RECOMMENDED ACQUISITION OF
EGDON RESOURCES PLC ("Egdon" or the "Company")
by
PETRICHOR PARTNERS, LP ("Petrichor")
Confirmation of Scheme Timetable
On 17 May 2023, the board of Egdon announced that they had reached agreement regarding the terms of a recommended all cash acquisition for the entire issued and to be issued ordinary share capital of Egdon (other than those shares already owned by or on behalf of Petrichor) (the "Acquisition") pursuant to a Court-sanctioned scheme of arrangement of Egdon under Part 26 of the Companies Act 2006 (the "Scheme").
The scheme document in relation to the Scheme was published on 8 June 2023 (the "Scheme Document"). The Company announced on 12 September 2023 that the High Court of Justice had sanctioned the Scheme at the Court Sanction Hearing held earlier on the same date.
Egdon would like to confirm the expected remaining Scheme timetable in full:
| Scheme Record Time | 6:00pm on 14 September 2023 |
| Last day of dealings in, and for registration of transfers of, Egdon Shares | 14 September 2023 |
| Effective Date of the Scheme | 15 September 2023 |
| Suspension of Dealings in Egdon Shares | 7:30am on 15 September 2023 |
| Cancellation of Admission of Egdon Shares | 7:00am on 18 September 2023 |
| Last Date for Payment of Consideration to Scheme Shareholders | 29 September 2023 |
For further information, please contact:
| Egdon Resources Plc Mark Abbott | Tel +44 1256 702292 |
| VSA Capital Limited Financial Adviser, Joint Broker and Rule 3 Adviser to Egdon Andrew Raca and Matthew Harker (Corporate Finance) | Tel +44 203 005 5000 |
| WH Ireland Limited Nominated Adviser and Joint Broker to Egdon Antonio Bossi and James Bavister | Tel +44 207 220 1666 |
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