Egdon Resources PLC Confirmation of Scheme Timetable (4861M)

TIDMEDR

RNS Number : 4861M

Egdon Resources PLC

14 September 2023

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")

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         14 September 2023 
  registration of transfers of, Egdon 
  Shares 
                                         ----------------------- 
 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       7:00am on 18 September 
  Shares                                   2023 
                                         ----------------------- 
 Last Date for Payment of Consideration   29 September 2023 
  to Scheme Shareholders 
                                         -----------------------

For further information, please contact:

 
 Egdon Resources Plc                            Tel +44 1256 702292 
  Mark Abbott 
 VSA Capital Limited                                Tel +44 203 005 
  Financial Adviser, Joint Broker and Rule 3                   5000 
  Adviser to Egdon 
  Andrew Raca and Matthew Harker (Corporate 
  Finance) 
                                               -------------------- 
 WH Ireland Limited                                 Tel +44 207 220 
  Nominated Adviser and Joint Broker to Egdon                  1666 
  Antonio Bossi and James Bavister 
                                               --------------------

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END

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September 14, 2023 06:56 ET (10:56 GMT)

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