Upland Resources Limited Termination of offer period (6078R)
October 27 2023 - 11:30AM
UK Regulatory
TIDMUPL
RNS Number : 6078R
Upland Resources Limited
27 October 2023
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
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
FOR IMMEDIATE RELEASE
27 October 2023
Upland Resources Limited
(the "Company")
Termination of offer period
Further to the Company's announcements of 23 October 2023, the
Board of Upland provides an update concerning the unsolicited, very
preliminary approach it received regarding a possible offer for
Upland (the "Approach") and which the board unequivocally
rejected.
The Board of Upland now advises that it has received information
that has cast significant doubt on the veracity of the Approach and
identity of the potential offeror. In particular, the Company has
now received communication from Mr William G Bollinger, the
co-founder of Egerton Capital, whom the Company was led to believe
was associated with the Approach and the potential offeror. This
communication from Mr William G Bollinger has clarified that he has
no connection to the Approach or any offeror vehicle known as SEC
Capital.
In light of these circumstances, the Company has agreed with the
Takeover Panel Executive that, with effect from the time of this
announcement, the offer period in respect of the Company shall be
terminated, and the relevant parties will be removed from the
Disclosure Table on the Panel's website at
www.thetakeoverpanel.org.uk.
Bolhassan Di, Upland Chairman and CEO commented:
"The Upland Board is now fully committed to advancing our
activities in Sarawak, in particular completing the Joint Technical
Study on Block SK334. Focus is now firmly on finalising our work
programme which leads to the next phase of development."
For further information, please contact:
Upland Resources Limited Tel: +60 198 861 919
Bolhassan Di, Chairman and CEO bolhassan@uplandbigoil.com.my
Gerard Murray, COO gerry.murray@upland.energy
Optiva Securities - Broker Tel: +44 (0)20 3137 1903
Christian Dennis christian.dennis@optivasecurities.com
(Corporate Broker) www.optivasecurities.com
---------------------------------------
Important Notices
This announcement is not intended to, and does not, constitute,
represent or form part of any offer, invitation or solicitation of
any offer to purchase, otherwise acquire, subscribe for, sell or
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END
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