AR. Archipelago Res

TIDMAR.

RNS Number : 6951R

Archipelago Resources PLC

30 October 2013

30 October 2013

AIM: AR.

Archipelago Resources Plc

("Archipelago" or "the Company")

Unconditional Recommended Cash Offer - Update

Archipelago announces that the Offer which was announced on 27 September 2013 closed on 29 October 2013 and that valid acceptances had been received by PT Rajawali Corpora ("Rajawali") in respect of 74.38 per cent of the shares to which the Offer relates, which in total represents 35.06 per cent of the Archipelago Shares. Rajawali now has a 87.92 per cent interest in Archipelago's issued share capital.

Archipelago Shareholders who accepted the Offer will receive payment of consideration within the next 14 days.

Following approval by the requisite majority of Archipelago Shareholders at the General Meeting held on 24 October 2013, the cancellation of the Company's AIM Admission will take effect at 7.00 a.m. on Wednesday, 13 November 2013.

Capitalised terms not otherwise defined in this announcement shall have the same meanings as set out in the Offer Document dated 27 September 2013.

For further information please contact:

 
 Archipelago Resources Plc              Liberum Capital Limited 
  President -- Corporate Strategy        Joint Broker to Archipelago Resources 
  Matthew Salthouse                      Plc 
  Phone: + 65 6535 3419                  Tim Graham / Ryan de Franck / Joshua 
                                         Hughes 
                                         Phone: +44 (0) 20 3100 2000 
-------------------------------------  --------------------------------------- 
 Grant Thornton UK LLP                  Canaccord Genuity Limited 
  Nominated Adviser to Archipelago       Joint Broker to Archipelago Resources 
  Resources Plc                          Plc 
  Philip Secrett / David Hignell         Andrew Chubb / Christopher Fincken 
  Phone: +44 (0) 20 7383 5100            Phone: +44 (0) 20 7523 8000 
-------------------------------------  --------------------------------------- 
 Buchanan 
  PR Adviser to Archipelago Resources 
  Plc 
  Bobby Morse / Gordon Poole 
  Phone: +44 (0) 20 7466 5000 
-------------------------------------  --------------------------------------- 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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