SEPLAT Confirms its Post Offer Intention on Eland

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Thursday, December 16, 2020 / 3:36 PM / NSE / Header Image Credit: Seplat Petroleum


Seplat announces that further to the completion of its recommended cash offer for Eland, which was effected by way of court-sanctioned scheme of arrangement under Part 26 of the Companies Act 2006 on 17 December 2019, it has duly confirmed in writing to The Panel on Takeovers and Mergers in accordance with the requirements of Rule 19.6(c) of the Code that Seplat has complied with its post-offer intention statements made pursuant to Rules 2.7(c)(iv), 19.6 and 24.2 of the Code, as originally detailed in Seplat's 2.7 announcement of 15 October 2019 and Eland's scheme document published on 28 October 2019.

 

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