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CNOOC Ltd Announces Progress Relating To Proposed Acquisition Of Nexen By Its Subsidiary


Thursday, 20 Sep 2012 07:14pm EDT 

CNOOC Ltd referred to the announcement dated July 23, 2012 (the Announcement) in relation to the Proposed Acquisition by the Company (through its wholly owned subsidiary, the Purchaser) of the Nexen Shares pursuant to a Plan of Arrangement under the CBCA. Capitalized terms used herein shall have the same meanings as those defined in the Announcement unless the context requires otherwise. The Board announced that, on September 20, 2012 (Canada local time), the Court has granted the Final Order which approved the Plan of Arrangement pursuant to CBCA. The Final Order was granted following a meeting of Nexen shareholders on the same day at which the Plan of Arrangement was approved by approximately 99% of the votes cast by the holders of the Common Shares. As approximately 87% of the votes cast by the holders of Preferred Shares also approved the Plan of Arrangement, the Plan of Arrangement will also include the Preferred Shares. Further announcement on the progress of the Proposed Acquisition will be made as appropriate. 

Company Quote

13.96
0.14 +1.01%
30 Jul 2014