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San Leon Energy Plc Announces further Details on Recommended Merger with Aurelian Oil and Gas PLC

Friday, 25 Jan 2013 03:00am EST 

San Leon Energy Plc announced that further to the Company's Board of Directors announcement on November 12, 2012 concerning the agreement of on the terms of a recommended merger with Aurelian Oil and Gas PLC, and the Court sanctioned the Scheme on January 24, 2013, the Directors of Aurelian announced that the Scheme has become effective in accordance with its terms. Holders of Scheme Shares are entitled to receive 1.3 New San Leon Shares for every Scheme Share held. Admission to trading of Aurelian Shares on AIM has been canceled with effect from January 25, 2013. New San Leon Shares have been allotted effective January 25, 2013, to holders of Scheme Shares. Admission of the New San Leon Shares to AIM and the crediting of the New San Leon Shares to CREST accounts is effective January 25, 2013. The latest date for dispatch of share certificates in respect of the New San Leon Shares due under the Scheme is February 8, 2013. 

Company Quote

0.11 +10.78%
18 Dec 2014