Proposed merger of RAK Petroleum MENA subsidiaries into DNO ahead of London listing
(Thomson Reuters ONE) -
DNO International ASA (DNO) and UAE-based RAK Petroleum Public Company Limited
(RAK Petroleum) have signed a heads of agreement to merge RAK Petroleum's Middle
East and North Africa (MENA) operating subsidiaries into a subsidiary of DNO in
exchange for DNO shares to be issued to RAK Petroleum.
The consideration shares will be issued at a minimum share price of NOK 8.25 per
share and a maximum share price of NOK 10.00 against a value of the RAK
Petroleum MENA assets between USD 250 and 300 million.
See attached full stock exchange notice for more information.
Oslo, 4 July 2011
DNO International ASA
Corporate Communications
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
Proposed merger - SE Notice:
http://hugin.info/36/R/1528052/463743.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters 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: DNO International ASA via Thomson Reuters ONE
[HUG#1528052]
Unternehmensinformation / Kurzprofil:
Datum: 04.07.2011 - 08:35 Uhr
Sprache: Deutsch
News-ID 56096
Anzahl Zeichen: 1531
contact information:
Town:
Oslo
Kategorie:
Business News
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"Proposed merger of RAK Petroleum MENA subsidiaries into DNO ahead of London listing"
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