RMA Rasmala

TIDMRMA

RNS Number : 1413X

Rasmala PLC

21 November 2017

Rasmala plc

("Rasmala" or the "Company")

Result of Tender Offer

Further to the announcement made by Rasmala on 16 October 2017 in relation to the tender offer for approximately GBP35 million (the "Tender Offer"), the Company today announces the result of the Tender Offer.

Result of the Tender Offer

The Company was authorised to purchase up to 23,334,000 Shares. A total of 15,628,902 Shares (being 49.7 per cent. of the Company's Shares in issue as at 20 November 2017) were validly tendered under the Tender Offer and, as a result, the Tender Offer was not fully subscribed. The Basic Entitlement of all Shareholders who have validly tendered their Shares will be accepted in full and excess tenders will also be satisfied in full, meaning 100% of the excess Shares tendered will be purchased. A total of 15,628,902 Shares will be repurchased by the Company under the Tender Offer and cancelled.

It is expected that cheques will be despatched and CREST accounts will be credited with proceeds in respect of successfully tendered Shares and that the balancing Share certificates and TFE messages in respect of any unsold certificated Shares will be despatched during the week commencing 27 November 2017.

Following the implementation of the Tender Offer the Company will have 15,812,882 Shares in issue.

Accordingly, 15,812,882 Shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interests in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Terms used in this announcement shall, unless the context otherwise requires, bear the meaning given to them in the Circular.

Enquiries:

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

This information is provided by RNS

The company news service from the London Stock Exchange

END

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