RMA Rasmala

TIDMRMA

RNS Number : 5553V

Rasmala PLC

06 November 2017

Rasmala plc

("Rasmala" or the "Company")

Extension of Closing Date for Tender Offer

Further to the announcement of 16 October 2017 in relation to the tender offer for approximately GBP35 million (the "Tender Offer"), Rasmala announces a two-week extension of the Closing Date of the Tender Offer.

The Company, in consultation with Stockdale Securities Limited, has agreed to extend the Closing Date after many overseas shareholders informed the Company that they did not have enough time to accept the Tender Offer. The extension will grant such shareholders sufficient time to consider the terms of the Tender Offer and tender their shares if they so wish.

The Tender Offer was expected to close on 6 November 2017. Following the extension, the Tender Offer will close on 20 November 2017. There will be no further extensions of the Closing Date beyond 20 November 2017.

Those shareholders who have already accepted the Tender Offer do not need to do anything further.

A revised timetable in relation to the Tender Offer is set out below.

Enquiries:

 
 Rasmala plc              Tel: +44 (0)20 7847 9900 
-----------------------  ------------------------- 
 Zak Hydari, CEO 
-----------------------  ------------------------- 
 Stockdale Securities     Tel: +44 (0)20 7601 6100 
-----------------------  ------------------------- 
 Antonio Bossi, Elhanan 
  Lee 
-----------------------  ------------------------- 
 

EXPECTED TIMETABLE

Announcement of the Tender Offer and date of the Circular 16 October 2017

Tender Offer opens 16 October 2017

Closing Date - latest time and date for receipt of Tender Forms 1.00 p.m. on 20 November 2017

and settlement of TTE Instruction(s)

Record Date for the Tender Offer close of business on 20 November 2017

Result of Tender Offer announced 21 November 2017

Completion of purchase of Shares under the Tender Offer 22 November 2017

Despatch of cheques for Tender Offer consideration in respect of 29 November 2017

certificated Shares sold under the Tender Offer and any balance

certificates in respect of any unsold certificated Shares

CREST accounts credited with Tender Offer consideration and any 29 November 2017

unsold uncertificated Shares

CREST Accounts credited with unsuccessfully tendered shares by 6 December 2017

Balance certificates despatched in respect of certificated by 6 December 2017

Shares and any unsuccessfully certificated Shares

The above times and/or dates are indicative only and may change. If any of the above times and/or dates change, the revised times and/or dates will be notified to Eligible Shareholders by announcement through a Regulatory Information Service.

All references to times in this document are to London times unless otherwise stated.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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November 06, 2017 02:00 ET (07:00 GMT)

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