Maurel & Prom : Agreement between Pacifico and Pertamina
(Thomson Reuters ONE) -
Paris,1(st) August 2016
No. 13-16
Agreement between Pacifico and Pertamina
Maurel & Prom acknowledges today's announcement of the agreement between
Pacifico and Pertamina.
Pacifico and Pertamina stated in a press release published today that Pertamina
has entered into an agreement to acquire all of Pacifico's Maurel & Prom shares
for ?4.20 per share, plus a ?0.50 earn-out per share if from January 1st 2017 to
December 31st, 2017 (both dates inclusive) the Brent price exceeds USD 65 per
barrel during all trading days within 90 consecutive calendar days.
Pacifico and Pertamina indicated that this agreement remains subject to
regulatory approvals and that, subject to the closing of the transaction and to
the favourable recommendation of the board of directors of Maurel & Prom,
Pertamina commits itself to launch a voluntary tender offer over Maurel & Prom
at the same conditions than those offered for the block trade.
In addition Pertamina indicated that Maurel & Prom will become an international
development platform and that the experience and know-how of its teams are key
for the success of its strategy.
Maurel & Prom will convene its Board of directors to analyse the terms of the
transaction announced by Pacifico and its consequences for the company and all
of its shareholders.
Next publication
31 August 2016 before markets open: 2016 first-half results
For more information, go to www.maureletprom.fr
MAUREL & PROM
Tel.: +33 (0)1 53 83 16 00
Press contacts, shareholder and investor relations
Tel.: +33 (0)1 53 83 16 45
ir(at)maureletprom.fr
This document may contain forward-looking statements regarding the financial
position, results, business and industrial strategy of Maurel & Prom. By nature,
forward-looking statements contain risks and uncertainties to the extent that
they are based on events or circumstances that may or may not happen in the
future. These projections are based on assumptions we believe to be reasonable,
but which may prove to be incorrect and which depend on a number of risk
factors, such as fluctuations in crude oil prices, changes in exchange rates,
uncertainties related to the valuation of our oil reserves, actual rates of oil
production and the related costs, operational problems, political stability,
legislative or regulatory reforms, or even wars, terrorism and sabotage.
Maurel & Prom is listed for trading on Euronext Paris
CAC® Mid 60 - SBF120® - CAC® Mid & Small - CAC® All-Tradable - CAC® All-Share -
CAC PME - EnterNext(©) PEA-PME 150
ISIN FR0000051070 / Bloomberg MAU.FP / Reuters MAUP.PA
PAC_MAU_01AOU16_ENG.pdf:
http://hugin.info/155421/R/2032171/756449.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Maurel & Prom via GlobeNewswire
[HUG#2032171]
Unternehmensinformation / Kurzprofil:
Datum: 01.08.2016 - 08:53 Uhr
Sprache: Deutsch
News-ID 486458
Anzahl Zeichen: 3928
contact information:
Town:
Paris
Kategorie:
Business News
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"Maurel & Prom : Agreement between Pacifico and Pertamina"
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Maurel & Prom (Nachricht senden)
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