Dragon-Ukrainian Prop. & Dev. PLC Mandatory Cash Offer Dragon Capital Investments (5790H)
June 08 2017 - 8:41AM
UK Regulatory
TIDMDUPD
RNS Number : 5790H
Dragon-Ukrainian Prop. & Dev. PLC
08 June 2017
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR
REGULATIONS OF SUCH JURISDICTION
Dragon-Ukrainian Properties & Development plc
("DUPD" or the "Company" and together with its subsidiaries, the
"Group")
Mandatory Cash Offer announcement by Dragon Capital Investments
Limited
The independent directors of DUPD (being Mark Iwashko and
Aloysius Wilhelmus Johannes van der Heijden) (the "Independent
Directors") note the announcement earlier today by Dragon Capital
Investments Limited ("DCI"), part of Dragon Capital Group, pursuant
to Rule 2.7 of the City Code on Takeovers and Mergers, to make its
mandatory cash offer for the entire issued and to be issued share
capital of the Company not already owned by Dragon Capital Group at
a price of 13 pence per ordinary share (the "Mandatory Offer").
The Independent Directors are considering the terms of the
Mandatory Offer and in the meantime, DUPD shareholders are advised
to take no action in relation to the Mandatory Offer.
Contacts:
Dragon - Ukrainian Properties & Development plc
(www.dragon-upd.com)
Mark Iwashko (Chairman) +380 (50) 381-8811
Panmure Gordon (UK) Limited
Richard Gray / Andrew Potts (Nomad
& Broker)
Karri Vuori / James Greenwood (Financial +44 (0)20 7886
Adviser) 2500
Panmure Gordon (UK) Limited, which is authorised and regulated
in the United Kingdom by the Financial Conduct Authority, is acting
exclusively for DUPD and the Independent Directors and no one else
in connection with the Possible Offer and will not be responsible
to anyone other than DUPD and the Independent Directors for
providing the protections afforded to its clients or for providing
advice in relation to the Offer or any other matters referred to
herein.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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