MAPLE ENERGY PLC NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION
THIS ANNOUNCEMENT IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.5 OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES,
2013 AND THERE CAN BY NO CERTAINTY THAT AN OFFER WILL BE MADE, NOR AS TO THE TERMS ON WHICH ANY OFFER WILL BE MADE
MAPLE ENERGY PLC ANNOUNCEMENT OF POSSIBLE CASH OFFER
The board of directors of Maple Energy plc ("Maple" or the "Company") announces that it has received an approach which may or may not lead to a cash offer to acquire the entire issued and to be issued share capital of the Company.
Shareholders should note that the approach is highly conditional and preliminary in nature. Accordingly, no assurances can be given that a formal offer will be forthcoming or that any transaction will occur. Further announcements will be made as appropriate.
In accordance with Rule 2.10 of the Irish Takeover Panel Act, 1997, Takeover Rules, 2013 (the
"Takeover Rules"), the Company confirms that, at the date of this announcement, it has
164,137,551 ordinary shares of US$0.01 each (nominal value) in issue. The ISIN reference for these securities is IE00B1FRPX03.
The Company further confirms that, at the date of this announcement, it has granted options and issued other instruments conferring the right to convert into, or subscribe for, 4,721,948 ordinary shares of US$0.01 each (nominal value).
Guillermo Ferreyros, Chief Executive Officer and Executive Director
Cenkos Securities plc (Nominated Adviser)
Derrick Lee +44 131 220 6939
Alan Stewart +44 131 220 6939
The directors of Maple accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the directors of Maple (who have taken all reasonable care to ensure that such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.
Under the provisions of Rule 8.3 of the Takeover Rules, if any person is, or becomes, "interested" (directly or indirectly) in 1% or more of any class of "relevant securities" of Maple, all "dealings" in any "relevant securities" of Maple (including by means of an option in respect of, or a derivative referenced to, any such "relevant securities") must be publicly disclosed by not later than 3:30 pm (Irish time) on the "business day" following the date of the relevant transaction. This requirement will continue until the date on which the "offer period" ends. If two or more persons co-operate on the basis of any agreement, either express or tacit, either oral or written, to acquire an "interest" in "relevant securities" of Maple, they will be deemed to be a single person for the purpose of Rule 8.3 of the Takeover Rules.
A disclosure table, giving details of the companies in whose "relevant securities" "dealings" should be disclosed, can be found on the Irish Takeover Panel's website at www.irishtakeoverpanel.ie.
"Interests" in "securities" arise, in summary, when a person has long economic exposure, whether conditional or absolute, to changes in the price of securities. In particular, a person will be treated as having an "interest" by virtue of the ownership or control of securities, or by virtue of any option in respect of, or derivative referenced to, securities.
Terms in quotation marks are defined in the Irish Takeover Rules, which can also be found on the Irish Takeover Panel's website. If you are in any doubt as to whether or not you are required to disclose a dealing under Rule 8, please consult the Irish Takeover Panel's website at www.irishtakeoverpanel.ieor contact the Irish Takeover Panel on telephone number +353 1 678
9020 or fax number +353 1 678 9289.
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