Dragon-Ukrainian Prop. & Dev. PLC Clarification on closing date (3256M)
July 27 2017 - 8:19AM
UK Regulatory
TIDMDUPD
RNS Number : 3256M
Dragon-Ukrainian Prop. & Dev. PLC
27 July 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
27 July 2017
Dragon-Ukrainian Properties & Development plc
("DUPD" or the "Company" and together with its subsidiaries, the
"Group")
Clarification on closing date
On 25 July 2017 DUPD announced its update on the board
recommendation including details on the extended closing date. DUPD
would like to clarify that, in the event DCI acquires or agrees to
acquire, by virtue of its shareholding and acceptances of the
Offer, issued share capital carrying 75 per cent. or more of the
voting rights of DUPD by 1.00p.m. on 1 August 2017, DCI will
procure that DUPD applies for cancellation of trading in DUPD
Shares on AIM and, notwithstanding its statement in the First
Closing Date Announcement that the Offer will not be extended
beyond the Closing Date, DCI will make a further announcement by
RNS on 1 August 2017 to update DUPD Shareholders on the level of
acceptances and will keep the Offer open for acceptances for a
further seven days until 1.00p.m. on 8 August 2017 (the "Extended
Closing Date").
In the event that DCI does not acquire or agree to acquire, by
virtue of its shareholding and acceptances of the Offer, issued
share capital carrying 75 per cent. or more of the voting rights of
DUPD by 1.00p.m. on 1 August 2017 then the Offer will not be
extended.
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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